Congressional punt leaves tax breaks for loan mods in limbo

Stalemate between Dayton, GOP leaves tax cuts, public works spending in limbo. With Dayton poised on Monday to veto a $259 million tax bill that’s the crown jewel of the House Republican majority, Speaker Kurt Daudt must try to salvage the GOP agenda.

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Small businesses in limbo again on tax breaks. The deduction fell to $25,000 for 2014 because Congress hasn’t approved a higher amount. Many small businesses rely on the deduction. In a survey of more than 1,100 owners by the advocacy group National Small Business Association, 34 percent said they take advantage of it.

Bank of America suspends previous capital plans well below a previous forecast of an increase of 1% to 2%. Facebook’s head of Calibra David Marcus is grilled during a House Financial services committee hearing over the company’s digital currency.

Morrison tax cuts in limbo In 2010, they extended the George W. Bush-era tax cuts for two years, meaning that breaks on income, capital gains, dividends and estates will lapse at the end of this year.

While last year’s short sale tax break was in Congressional limbo, a report fromRealtyTrac estimated that in the first three quarters of 2014, there were more than 170,000 short sales representing a mortgage debt forgiveness of $8.1 billion total.

President, when we begin to weigh, for example, scaling back special treatment, depreciation allowance for the oil and gas industry–and the congressional budget office estimates that eliminating this tax break would generate $3.4 billion over the next 5 years–when we start to compare and measure tax breaks for oil companies compared to cuts.

Private schools benefit from Pa. tax credits, report zero low-income s. Collapse of state budget talks leaves higher ed aid in limbo; News. Collapse of state budget talks leaves higher ed aid.

Major Electric Vehicle Tax Credit Remains In Limbo After Tax Overhaul Passes In Senate. A significant tax credit which helps boost sales of EVs in the United States remains in limbo after the Senate passed their version of the overhaul in the early hours of Saturday morning. The Senate’s plan left that tax credit alone,

Wells Fargo CEO: GSEs choke mortgage business Wells Fargo and Bank of America are two of the largest banks in the U.S., and offer similar traditional-style banking. Here’s a closer look at how the two financial institutions compare.

Scroll down for more. Punt: The new Aloysius with Ben Whishaw in £10million adaptation of Brideshead Revisted Aloysius will, after all, be seen cosseted in the arms of the effete central character,

A law that offers homeowners a tax break when a portion of their mortgage debt is forgiven through a loan modification, short sale or foreclosure is about to expire, leaving thousands of homeowners.

Federal Labor MPs are asking serious and pointed questions about what a change of leadership would deliver at this stage. A lot depends on how the Prime Minister herself chooses to play things over.