“There are rumblings that O will impose new taxes on corporations by executive order (or do away with deductions). While Congress sleeps.”
Interesting comment this. -
Congress has been imposing Taxes or Tax breaks on their favorite big money contributors for many years.
The Corn belts Ethanol subsidies/mandates, The Wind farm industry. etc just being the most obvious and current
The tax code is full of gifts that the SENATORS have written into TAX law. Why begrudge O doing the same shenanigans?
Well the executive branch inserts many, many plums in tax bills also. This new proposed action by O is not a part of a bill which has to get voted on by Congress. Apparently he will simply impose it through an IRS regulation or rule change (or, “Are you serious?” ~ My Cousin Vinnie)