Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: December 16, 2014
The Firm
201-896-4100 info@sh-law.comAccording to Joshua Holland, a reporter for BillMoyers.com, that is precisely what is going on regarding the so-called tax extenders.
The tax extenders are a set of tax breaks and subsidies that have been added into the tax code over the years on a temporary basis. The majority of these cuts apply to businesses, but some are directed at citizens, like the earned income tax credit or the credit for energy-efficient appliances.
Applying these cuts temporarily was intended as a way to allow politicians to test out their effects. Instead of making them permanent, however, legislators have instead chosen to renew them on a temporary basis year after year. This has allowed them to obfuscate their effect on the federal budget and to collect contributions from companies and interest groups lobbying for their renewal.
Influencing the conversation
For the majority of their existence – some since 1981 – little public outcry or fanfare has accompanied these bills’ renewal. This was not the case this year, after two groups – Public Campaign and Americans for Tax Fairness – released a report detailing what these bills do, how much they cost and how much is spent on the lobbying campaign that is pushing them through Congress. The authors pulled data from OpenSecrets to find that 1,359 lobbyists pressed Capitol Hill on the issue between January 2011 and September 2013 – about 10 percent of all registered federal lobbyists. About 58 percent of these lobbyists had worked for Congress or the executive branch at some point.
Writing the report was one thing, but influencing public opinion was another, according to BillMoyers.com.
“We did as much retail work as possible,” Frank Clemente of Americans for Tax Fairness told the news source. “We held press briefings and did one-on-ones with reporters to make sure that they understood the story. It’s like grassroots organizing – you have to do a lot of organizing to get the media engaged on issues like this.”
While challenging, it appears that the authors’ efforts paid off. The recent efforts to make the tax extenders permanent – conspicuously missing breaks for low income families – have been met with extreme public scrutiny. Those breaks may still pass in some form, but at minimum public controversy will prevent them from passing without notice.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

A company is dissolved; legally, it ceases to exist. Accordingly, dissolution results in significant legal and financial consequences. It is a process that must be properly managed to avoid continuing liability. The Corporate Dissolution Process Corporate dissolution is the legal process of formally closing a corporation, paying its debts and distributing the remaining assets. Most […]
Author: Jay McDaniel

A triple net lease is a commercial lease in which the tenant pays the property’s real estate taxes, insurance, and maintenance costs, known as the three nets, in addition to base rent. They are most often used in freestanding retail and office buildings and in large single-tenant industrial properties, with terms that typically run 10 […]
Author: Donald M. Pepe

Every lawsuit comes with a cost, and knowing when to settle a lawsuit is one of the most consequential decisions a business owner will face. Experienced litigators understand how to minimize cost and obtain certainty for their clients. For many business owners, the decision is viewed almost entirely through a financial lens: What will it cost […]
Author: Sean M. Pena

Few situations create more uncertainty than learning that an employee has filed a whistleblower complaint. Questions arise immediately: Is the allegation legitimate? Should the employee be placed on leave? Do we need to notify our insurance carrier? Are we now prevented from disciplining the employee if there are unrelated ongoing work related issues? There is […]
Author: Sean M. Pena

When a business reaches the point where it can no longer service its debts or otherwise resolve its liabilities, management is often faced with a difficult question: is a bankruptcy filing necessary or is there another way to perform an orderly liquidation or sale of the business assets? While Chapters 7 and 11 of the […]
Author: John D. Giampolo

For many years, the New Jersey Mansion Tax has been a significant consideration in high-value real estate transactions. Recent legislative changes, however, have substantially altered how the tax operates, including who is responsible for paying it and the amount owed in certain transactions. Whether you are purchasing, selling, or investing in New Jersey real estate, […]
Author: George McGowan
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!