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Jobs Bill Includes S-Corp. Tax Hike

Publication Date: 5/26/2010
Author: Pam Hunter
Format: HTML

Democrats in both chambers of Congress are hoping to pass a bill the week of May 21 they say would create jobs and extend expiring tax benefits. The bill would extend unemployment insurance and Consolidation Omnibus Budget Reconciliation Act (COBRA) benefits through Dec. 31 and would attempt to provide tax relief to businesses and state and local governments to help spur investment and create jobs. It includes a one-year extension of the Research and Development tax credit for businesses and would extend the Build American Bond program to spur infrastructure development through 2012.

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