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Tax Writers Clash on Extending Corporate Breaks

House Ways and Means Committee members weigh budget impact of extending breaks.

By Richard Rubin, Bloomberg | Updated on April 09, 2014

The top lawmakers on the House Ways and Means Committee disagreed over whether extending tax breaks for research and international finance operations should be offset to prevent the U.S. budget deficit from growing.

Representative Dave Camp, the committee chairman, has suggested making some lapsed tax breaks permanent and letting others expire. Congress has routinely extended many of the breaks without pairing them with spending cuts or tax increases, he said yesterday.

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