Wednesday, February 21, 2007

House Passes Tax Breaks for Small Businesses

By a sizable margin! See? That wasn't so hard, was it, Democrats? And what's amazing (given their initial rejection of the tax cuts) is that some of the tax cuts aren't even new:

In a move that brought a federal minimum-wage increase closer to reality, the House on Friday approved $1.8 billion in tax cuts for small businesses aimed at boosting bipartisan support for the hike.

The tax cuts, which passed by 360-45 on Friday, included permanent extensions to tax write-offs for small business that were set to expire, along with credits for hiring disadvantaged workers and other benefits.
Ah, all this bipartisanship, doesn't it make you want to hold hands and sing "Kumbaya?"