Connected Big Boys Access A Bottomless Pit Of Tax Credits
There’s a bill parked in the House Ways & Means Committee called the New Markets Tax Credit (NMTC) Extension Act for 2015. Over at the Senate Chamber, a companion piece awaits introduction. The president likes NMTC; his budget and the legislation both call for NMTC to be made permanent. As is, it has been re-upped every two years since 2007. NMTC, at its core, enriches rich folks. Even as the latest extension legislation snoozes in Ways and Means, connected opportunists are… Read more…
