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KGNS: Cuellar votes in favor of tax cut package to extend critical tax credits
Washington,
December 4, 2014
Tags:
Tax Relief
Cuellar votes in favor of tax cut package to extend critical tax creditsPosted: Thu 9:00 AM, Dec 04, 2014 By: Matt McGovern 12.03.14 - Summary of Tax Extenders Bill WASHINGTON, DC (Office of Henry Cuellar) - Congressman Henry Cuellar voted in favor of a tax package that restores more than four dozen tax cuts and prevents a burdensome tax increase on the business The tax package includes an extension of research and development tax incentives, small business “As our economy continues to recover from the worst recession since the Great Depression, businesses, taxpayers, and American families would face short-term harm and instability if these tax cuts were not extended,” said Congressman Cuellar. “These cuts will provide certainty to businesses across the county and in Texas, including farmers, ranchers, the industrial sector, and many others for the coming year. While I would have preferred to vote on a package that would provide long-term certainty to the American people, today’s legislation is a strong step in the right direction HR 5771, the Tax Increase Prevention Act of 2014, received support from the U.S. Chamber of Commerce, the National Association of Realtors, the National Association of Manufacturing, and the American Farm Bureau Federation, among others. The bill would allow businesses You can see a full summary of the provision by clicking the link above.
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