Business

Senate plan would make individual tax breaks temporary while corporate cuts would be permanent

A revised Senate tax bill has ditched a change in the treatment of stock options after an outcry from technology startups.

The original bill released last week proposed to tax stock options on the date they vest instead of when they are cashed in.

In a bid to make their proposed corporate tax cut permanent and avoid adding to the long-term deficit, Senate leaders are now proposing to have most of the expanded individual benefits offered under their plan expire at the end of 2025.

All Sources: Los Angeles Times Los Angeles Times

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