Industry bodies in India have submitted their wish list for the interim budget for 2024-25. They are requesting an extension of the concessional tax rate of 15% for domestic infrastructure companies and non-corporate taxpayers, exemption from withholding tax on payment of interests on overseas bonds with a maturity period of more than five years, and the ability to carry forward and set-off business losses for the services sector.
way or maybe to 37%, and that s it. and that could be it. maybe republicans and they may say he won t negotiate on anything else what about the deals he s already accepted? what about the entitlement adjustments they may wait on entitlements and punt. this is the version of punt i think it s starting to coming to. he said yesterday he would reject that kind of deal. he s not going to be able to reject the tax rate deal you re suggesting we would have another fight like this we d have another fight when debt limit came on everything else potentially. he might accept that? he has said he s willing to have the larger debate later if congress will simply pass the middle class tax rate extension. if congress ends up doing that, and you can see that s coming together, that s going to happen no matter what. cracks are forming on the republican resistance to raising tax rates at the top. a report says many gop centrists and some conservatives are calling on speaker
rates to go up either all the way or maybe to 37%, and that s it. and that could be it. maybe republicans and they may say he won t negotiate on anything else what about the deals he s already accepted? what about the entitlement adjustments they may wait on entitlements and punt. this is the version of punt i think it s starting to coming to. he said yesterday he would reject that kind of deal. he s not going to be able to reject the tax rate deal you re suggesting we would have another fight like this we d have another fight when debt limit came on everything else potentially. he might accept that? he has said he s willing to have the larger debate later if congress will simply pass the middle class tax rate extension. if congress ends up doing that, and you can see that s coming together, that s going to happen no matter what. cracks are forming on the republican resistance to raising
this is why i want you and chris on. what is the president hoping to get done? what s his time frame? does he believe in the cliff or does he think it s a bungee jump? no, he truly believes in the cliff. he has been getting and he s getting economic warnings from his own team that say, don t believe the congressional budget office, which is kind of rosy about this, who says it would be a tough 2013 if we went over the cliff but things would get better. he is getting updates saying, no, no, no, we will go into recession. therefore, let s go to the therefore now, can he arrange a credible, reasonably progressive deal before christmas, before the 21st? here is where we re at. i think now we know what the book ends are at this point. the book end the worst good deal he s going to get and i think that s right now the most likely if they can t get it, republicans go ahead and pass what he s been asking for, the middle class tax rate extension that allow the top
does he believe in the cliff or does he think it s a bungee jump? no, he truly believes in the cliff. he has been getting and he s getting economic warnings from his own team that say, don t believe the congressional budget office, which is kind of rosy about this, who says it would be a tough 2013 if we went over the cliff but things would get better. he is getting updates saying, no, no, no, we will go into recession. therefore, let s go to the therefore now, can he arrange a credible, reasonably progressive deal before christmas, before the 21st? here is where we re at. i think now we know what the book ends are at this point. the book end the worst good deal he s going to get and i think that s right now the most likely if they can t get it, republicans go ahead and pass what he s been asking for, the middle class tax rate extension that allow the top rates to go up either all the