House moves toward temporary fix on tax break extensions

The House moved on Monday toward a vote to restore a slew of expired tax breaks, though only through the end of this year.

The vote on a short-term extension, expected as soon as this week, would come after a veto threat from President Obama derailed a developing $400 billion deal between Senate Majority Leader Harry Reid (D-Nev.) and House Ways and Means Chairman Dave Camp (R-Mich.) that would have extended some expired tax breaks indefinitely, as well as others for two years. Read more HERE.

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