TV News LIES

Thursday, Jul 30th

Last update03:51:21 AM GMT

You are here News Congress GOP-run House votes 274 to 131 to make business tax break permanent--and increase deficit

GOP-run House votes 274 to 131 to make business tax break permanent--and increase deficit

E-mail Print PDF

GOP votes business tax break permanentThe House of Representatives voted 274 to 131 Friday to make the research and development tax credit permanent--and add $155.5 billion to federal deficits over the next 10 years.

Republicans, who have consistently complained about deficit spending, nevertheless were nearly unanimous in backing the plan. Only one Republican voted no. Sixty-two Democrats joined those in favor, while 130 voted no.

The R & D credit is part of a broader $310 billion package of tax breaks. More votes are expected in the next few weeks.

“This bill allows business owners to plan for the future, encouraging them to make decisions today that will translate to more jobs and a stronger economy in the future,” said House Speaker John Boehner, R-Ohio.

More...


Most Recent Related Stories...


Philadelphia Rep. Charged With Corruption

Philly Dem indictedThe U.S. Department of Justice has indicted a sitting U.S. Congressman on charges of corruption.Chaka Fattah,...

What do highways have to do with Planned Parenthood and Obamacare?

Highway billMitch McConnell is eyeing a major breakthrough on a multiyear highway bill that many in Congress...

Ex-diplomats urge ratification of Iran deal

Ex-diplomats urge ratificationA group of former diplomats sent a letter to Congress on Monday morning, urging members of...

Senate votes to roll back parts of No Child Left Behind

No Child Left BehindThe U.S. Senate has voted to roll back significant parts of the No Child Left Behind...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!