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…

You may also like...