Even Congress Doesn’t Like the Tax Plan It’s Ready to Pass
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U.S. lawmakers, about to pass a short-term deal to extend dozens of targeted tax breaks, know what they’re doing is bad policy. And they’re doing it anyway.
Dozens of tax breaks expired on Dec. 31, 2013, and Congress spent the year fighting over them. Now, with just four weeks left in the year, the House of Representatives plans today to punt the whole debate and slap on a new expiration date: Dec. 31, 2014.