Taxes

How Congress Can Stop Its Tax Procrastination

Retroactively extending tax breaks every year defeats their purpose. Make them permanent.

Do the right thing and call it a night.

Photographer: Nicholas Kamm/AFP/Getty Images

While Americans ready their holiday shopping lists, Congress is busy with its own holiday tradition -- preparing a grab bag of corporate giveaways known as "tax extenders." The gifts, which range from the useful to the absurd, have one flaw in common: They're about a year too late.

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