[jan in Colorado]

Multinationals are also frustrated that two other provisions--the Subpart F active financing and look-through rules--haven't been extended. "Until there is clarity, companies may have to avoid doing certain transactions," says Stretch. "Basically, it fouls up their marketplace."

Other corporate breaks that are in limbo include a railroad track maintenance credit; special expensing rules for U.S. film and television productions; and tax laws that help Puerto Rican and U.S. Virgin Islands distillers.

The House extenders bill passed Dec. 9 didn't include the AMT patch. Stretch says it's likely the AMT patch and the traditional extenders, including the research credit, will be extended for 2010 sometime next year. Still, with the budget deficit growing, the Bush-era tax cuts set to expire at the end of 2010, and economic advisers to Obama looking at options for tax reform, nothing is certain.

"Who knows what's going to happen next year?" asks McGuire.

[Secret Agent Man]

As liberals believe taxing things are the way to get the economy going again, no doubt these 50 tax ‘breaks’ expiring will obviously get America’s business climate bak on track again. I can see the hiring surges ready to begin.

[jan in Colorado]

It is time to vote these bums out!

Posted on DIGG

Please FReepmail me if you would like to added/removed from a low volume conservative Digg list.

Happy New year FReepers

[pnh102]

Even more taxes liberals won’t pay.

[fhayek]

Isn’t odd how it is tax breaks that have expiration dates? Social programs, of course, continue in perpetuity.

[Post Toasties]

‘Stretch’ here is NOT Botox Brain but Clint Stretch, managing principal of tax policy with Deloitte Tax.

[VRWC For Truth]

RINOism is the cause of this nonsense. Defeat Juan McDemocrat in November.

[smokingfrog]

Time for some congresscritter's terms to permanently expire!

[SunkenCiv]

Among the disappearing breaks are the research tax credit and an annual alternative minimum tax "patch," which keeps 23 million additional middle-income Americans from being forced into calculating and paying the dreaded AMT. (For 2009, with the patch in place, 4 million upper-middle- and high-income families will pay AMT.)

[NorwegianViking]

Obama also let the Bush IRS tax credits vanish. IRS Withholding Taxes will go up in 2010....means less money to spend for the average consumer. Obama promised “no new taxes for those earning less than $250,000....hogwash. Government will get more money from IRS Withholding Tax.

[Salvation]

And our taxes go up! — The dimocrats have to go!

[SaxxonWoods]

Hi jan, Colorado is simply the best, isn’t it?

Given this post, it looks like my timing in going Galt last summer was pretty good.

[Shire]

Already got an e-mail from HR that I would see more in taxes come out of my checks.

[Stultis]

BUT, there's still the (one year) elimination of the death tax (then it jumps up higher than before).

So, we get Death AND Taxes for 2010. Congress is deincentivizing every productive activity, but will reward you (or at least your heirs) for slitting your throat. Happy New Year!