P.M. BRIEFING : Panel Sent Tax Revision Proposals
WASHINGTON — A House Ways and Means subcommittee today approved extension of expiring tax benefits for employers who hire disadvantaged workers and for those who invest in low-income housing.
The revenue subcommittee also renewed a tax credit that encourages rehabilitation of old buildings and approved a major simplification of the corporate minimum tax.
The four measures now go to the full Ways and Means Committee. Rep. Charles B. Rangel (D-N.Y.), chairman of the subcommittee on select revenue measures, said the minimum-tax bill almost certainly will be modified by the parent panel.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
