Marc Gerson Quoted in Tax Notes Today on Possible Small Business Tax Cut Legislation

"Possible Small Business Tax Cut Compromise Could Be Bad Policy"
Tax Notes Today
05.07.12Marc Gerson discusses the potential for Congressional Republicans and Democrats to compromise on a small business tax cut. "Bonus depreciation could be the backbone," said Gerson, a former majority tax counsel to the House Ways and Means Committee under former Chair William M. Thomas. He said that the provision is in the Senate bill and was also passed by the House in late 2011 as part of that chamber's payroll tax cut bill. Gerson also noted that any compromise legislation could serve as a vehicle for the so-called "extenders" package.
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