May 13 (Bloomberg) — Senate Democrats want to pass a package of more than $80 billion in business tax breaks.
Republicans are basically on board — though a simmering feud over their attempts to make changes to legislation could stop the measure from moving forward.
Senators will begin votes today on the plan, which would reinstate dozens of breaks that lapsed Dec. 31 and extend them through 2015. Tax benefits in the package would allow companies such as General Electric Co. to defer U.S. taxes on overseas financing income and reinstate the production tax credit for wind energy.
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