Wednesday, December 3, 2014

House Moves to Extend Tax Breaks to End of Year

House Moves to Extend Tax Breaks to End of Year




According to FoxNews.com, millions of individuals should be in luck as the House moves to try to extend a $45 billion package of expired tax breaks at the end of year for businesses and individuals.  The taxes supposedly would benefit small businesses, corporations, teachers, and states with no state income tax to name a few.

Any type of tax cut that could be passed immediately to help anybody regardless whether it's business or individuals should be passed by Congress.  Next year the GOP Congress should work towards scrapping the current U.S. tax code and design a tax code where individuals pay either a flat tax or a type of national sales tax.  The current tax code is ludicrous and is nothing but highway robbery.

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