Lew says tax-break extension plan is irresponsible
Lawmakers are discussing a package that could increase the U.S. budget deficit by more than $400 billion over a decade.
By Richard Rubin and Kathleen Hunter, Bloomberg |
Updated on November 25, 2014
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U.S. Treasury Secretary Jacob J. Lew. Photo: AP
Nov. 25 (Bloomberg) — U.S. Treasury Secretary Jacob J. Lew called a potential agreement to revive and extend lapsed tax breaks “fiscally irresponsible,” casting uncertainty over year-end negotiations in Congress.
Lew was responding yesterday to talks between Republicans and Democrats that would make permanent a few of the tax breaks that expired at the end of 2013 and continue others through 2015. Lawmakers are discussing a package that could increase the U.S. budget deficit by more than $400 billion over a decade.
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