Thursday, November 20, 2008

Baucus And Colleagues Unveil Pension Modifications, Tax Relief Legislation

A bipartisan group of senators, including Senate Finance Committee Chairman Max Baucus, D-Mont., announced legislation on November 19 that includes modifications to pension distribution requirements and expansion of some earlier tax breaks for small businesses. The Worker, Retiree, and Employer Recovery Bill of 2008 alters provisions included in the Pension Protection Technical Correction Bill of 2008 (HR 6382), extends for one year business tax relief that was included in the first economic stimulus package, and allows companies to write off a greater percentage of their investments in business assets to increase their cash flow..........


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