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Tax News & Views - June 13, 2014

Vol. 15, No. 23


Tax News & ViewsAuthor
Tax Policy Group, Deloitte Tax LLP

  • House approves permanent small business expensing, S corp incentives – The House of Representatives approved two separate bills that would permanently extend enhanced expensing limits for small businesses and certain incentives benefiting S corporations, all of which expired at the end of 2013.
  • Ripple effects: Cantor’s electoral loss and the possible implications for tax policy – Jon Traub, Deloitte Tax LLP’s managing principal for tax policy, discusses what House Majority Leader Eric Cantor’s recent primary loss could mean for tax policy going forward.
  • Senators talk of repatriation holiday as offset for highway spending – Talk continued to bubble up in the Senate about a temporary repatriation holiday to pay for an upcoming surface transportation infrastructure package, but Finance Committee leaders have yet to indicate that they are on board with the idea.

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