R&E tax credit

Why Is Congress Giving Business Retroactive Tax Breaks?

While Congress is likely to nit-pick the compromise business and child tax credit tax bill designed by top Capitol Hill tax writers, there is broad...

January 23, 2024Howard Gleckman

Federal Budget and Economy: TaxVox

Back at the Tax Extender Trough

For years, Congress has struggled with what to do with scores of temporary tax breaks that have come to be known as the “tax extenders .” The usual resolution: Lawmakers fiddle for months. Then, sometime in December, they mindlessly continue the immortal mostly-business tax breaks for another year

November 30, 2015Howard Gleckman

Business Taxes: TaxVox

The Perpetual, Immortal, Eternal, Never-Ending Tax Extenders

The magic number for today is 16. That is, remarkably, the number of times Congress has extended the allegedly temporary research and experimentation tax credit since it was first enacted in 1981. The question for philosophy class (this is far beyond economics) is this: Can something that has been

May 28, 2015Howard Gleckman