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Keyword: permanenttaxbreaks

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  • House votes to make expired business tax breaks permanent

    02/13/2015 11:01:18 AM PST · by Olog-hai · 5 replies
    Associated Press ^ | Feb 13, 2015 12:10 PM EST | Stephen Ohlemacher
    The House voted Friday to make permanent an expired tax break designed to help small businesses invest in equipment and property, defying a veto threat by the White House. President Barack Obama objects to the bill because it would add $79 billion to the budget deficit over the next decade. The bill is part of a package of more than 50 temporary tax breaks that Congress routinely extends every year or two. The entire package expired at the start of the year. Now, House Republicans are moving to make selected tax breaks permanent. On Thursday, the House passed a $14.3...