On the Chopping Block: Whiskey, Racehorses and Other Tax Breaks

June 13, 2019, 9:03 AM

If liberal and conservative advocacy groups can agree on anything, it’s this: A suite of more than three dozen or so corporate tax breaks that have expired over the past two years should stay dead.

Even so, there’s a bipartisan push among some lawmakers to renew them—even if that push will likely fail.

Congress has re-upped the temporary tax breaks in the past without much commotion, and many of the breaks still have wide support in both parties. But this time, fallout from the 2017 tax overhaul, reluctance in the House at more temporary breaks and a dwindling calendar of ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription.