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Thursday, December 2, 2010

postheadericon Ethanol tax credit ripe for lame-duck extension

Much post-election newsprint and internet chatter has been devoted to the debate over whether to extend the Bush-era tax cuts and, if so, in what form and for what length of time. This is understandable considering the degree of lethargy still plaguing our economy. Saving taxes also is a good topic to be discussed at any time -- whether in the form of marginal rate reductions, extending tax credits, or via other mechanisms -- insofar as saving money for taxpayers is never a bad thing. And, with regard to tax savings for businesses, more often than not tax cuts increase government revenues in the long run.

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