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Author Topic: Pork Barrel filled Corporate Tax Bill - Sales Tax Deduction  (Read 1316 times)

Pat McCotter

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Pork Barrel filled Corporate Tax Bill - Sales Tax Deduction
« on: October 11, 2004, 01:13:54 pm »

Sounds like the pork-barrel bill - Senate approves $136B corporate tax bill - will beneift NH residents who itemize their Federal taxes:

"The package also provides benefits for a wide range of groups, from native Alaskan whalers, importers of Chinese ceiling fans, NASCAR race track owners and residents of states without state income taxes, who would be able to deduct state and local sales taxes from their federal tax returns."

Though there are most likely other areas to take it away again. Like this remark for the corporate side of the bill:
"All the tax breaks are paid for by $136 billion in measures intended to close corporate loopholes and tax shelters."
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