Lapsed U.S. Tax Breaks Near Revival With Wind Credit
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Senators are heading toward reviving almost all of the 55 tax breaks that expired Dec. 31, providing benefits for wind energy, U.S.-based multinational corporations and motor sports track owners.
Democrat Ron Wyden of Oregon, the chairman of the Senate Finance Committee, said today he supports reviving the $86.2 billion package of U.S. tax breaks though he wants to stop such temporary extensions. Instead, he said, Congress should revamp the entire tax code.