House Passes $42 Billion Plan to Revive U.S. Tax Breaks for 2014

Rubin, Richard
December 2014
Accountingtoday.com;12/3/2014, p12
The article reports that the U.S. House of Representatives voted on December 3, 2014 a 42 billion U.S. dollar plan to revive dozens of lapsed U.S. tax breaks that expired on December 31, 2013 and extending them up to end of 2014. Topics discussed include the bill heading to the Senate, and the bipartisan plan being negotiated by Senate Majority Leader Harry Reid and House Ways and Means Chairman Dave Camp. Also mentioned is President Barack Obama expressing openness to a short-term extension.


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