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Race is On to Restore Tax Breaks

from The Hill

In all, the Joint Committee on Taxation says that extending all those tax breaks over the long-term would cost around $310 billion between 2014 and 2024, with half that total coming from just the research credit. Camp, who has announced that he will not seek re-election this year, has cast his efforts to extend some of the so-called tax extenders permanently — and leave others on the scrap heap — as a way to offer more certainty to businesses and give a nudge toward his longstanding goal of overhauling the tax code. more


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