Friday, December 24, 2010

New tax law packed with obscure business tax cuts (AP)

FILE - In this Dec. 17, 2010 file photo, President Barack Obama, joined by Republican and Democratic lawmakers, signs the bipartisan tax package that extends tax cuts for families at all income levels, during a signing ceremony at the Eisenhower Executive Office Building on the White House complex in Washington. The massive new tax law signed by President Barack Obama is filled with all kinds of holiday stocking stuffers for businesses: tax breaks for producing TV shows, grants for putting up windmills, rum subsidies for Puerto Rico and the Virgin Islands.  (AP Photo/J. Scott Applewhite, File)AP - The massive new tax bill signed into law by President Barack Obama is filled with all kinds of holiday stocking stuffers for businesses: tax breaks for producing TV shows, grants for putting up windmills, rum subsidies for Puerto Rico and the Virgin Islands.


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