The Tax-Break Bonanza Inside the Economic Rescue Package [The New York Times]
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Source: The New York Times
Skip to contentSkip to site indexBusinessToday’s Paper|The Tax-Break Bonanza Inside the Economic Rescue Packagehttps://nyti.ms/2VzfL4XmentContinue reading the main storyAs small businesses and individuals struggle to obtain federal aid, the wealthiest are poised to reap tens of billions of dollars in tax savings.Big companies, including Coca-Cola, lobbied for one of the tax breaks for the last two years.Credit...Joshua Bright for The New York TimesByJesse DruckerApril 24, ,As the federal government dispenses trillions of dollars to save theBut another group is in no danger of missing out: wealthy individuals and big companies that are poised for tax windfalls.As part of theeconomic rescue package that became law last monthSome of the breaks apply to taxes have long been in the cross hairs of corporate lobbyists. They undo limitations that were imposed to rein in the giveaways embedded ina $1.5 trillion tax-cut packageOne provision tucked into the federal economic-rescue law increases
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