Scratch That…Reverse It
Updating our post from earlier today, apparently one Senator had too much of all this Democrat-Republican kumbaya crap and had to put a stop towhat was shaping up to be the first bi-partisan agreement in months. From Bloomberg:
Senator Tom Coburn, an Oklahoma Republican, said he will block a panel vote on an agreement to revive lapsed tax breaks, including a credit for corporate research and a benefit for financial-services companies’ overseas operations. The Senate Finance Committee early today had scheduled a vote for tomorrow on the $152 billion plan, which would continue most of the breaks through 2013. Coburn, saying he wanted more time to review the measure, said he would invoke a rule requiring 48 hours notice of a committee vote.
The source of the hiccup appears to be the omissionfrom the bill of such high-profile, popular provisions as the production tax credit for wind, accelerated depreciation for motorsports tracks, tax breaks for investment in the District of Columbia and a tax credit for ethanol. God only knows what we’d do without those.
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