Many tax credits would be eliminated
A variety of smaller taxes cuts for both businesses and individuals collectively known as tax ‘‘extenders’’ in Washington-speak would be expire. They include a tax credit for research and development and a deduction for sales taxes in states that don’t have an income tax.
This would cost about $65 billion.
Pictured, a Best Buy employee unloaded stock in Dedham in preparation for the 2011 Massachusetts sales tax holidays.