Tuesday, October 04, 2005

Tax breaks for N.O. residents?

The governor is suggesting a multiyear "tax holiday" for individuals, a house reconstruction tax break of as much as 50-thousand dollars and significant changes in accounting rules.

Among the more novel features of the proposed breaks is that people in some cases could sell the tax credits to third parties. For example, banks or tax-credit brokers could be allowed to purchase the credits and take the tax break themselves, while providing up-front cash to storm victims.

Good idea, I think. But why can't Governor Blanco take a good picture?

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