Thursday, December 3, 2009
Rangel Identifies $30b of Tax Increases to Pay for 45 Tax Extenders
House Ways & Means Committee Chair Charles Rangel (D-NY) yesterday announced that Tax Extenders Act of 2009 (blogged here) would include two revenue-raising provisions to pay the $30 billion cost of extending 45 tax provisions that are scheduled to expire at the end of 2009:
- H.R. 1935, a tax on carried interests
- H.R. 3933, tightening the rules on foreign accounts
Update: Bloomberg, Democrats Seek ‘Carried Interest’ Tax Rise on Funds.