White House surveys potential offsets for extenders

The White House is looking at several revenue raisers to pay for legislation extending several expired tax breaks, lobbyists told The Hill. They include: 

-Tax carried interest as ordinary income to raise $28.6 billion.

-Make the Federal Unemployment surtax permanent, which raises $13 billion based upon how it is written. 

-Prevent the "splitting" of foreign tax credits, which can occur when a company applies the credits from one subsidiary to the income of another. The provision could raise $9.5 billion. 

-Repeal the lower-of-cost-or-market method to account for inventory to raises $8 billion. 

-Allow companies to relax pension funding requirements to raises $2.1 billion.

-Require ordinary treatment of income from day-to-day dealer activities, which raises $2.5 billion. 

-Increase information reporting on rental property expenses (already used in the House small business jobs bill), and could raise $2.5 billion. 

-Garner payments to federal contractors with outstanding tax debts to raises $1.2 billion.

-Repeal the advanced Earned Income Tax Credit, which raises $1.1 billion.