Tax breaks package to get one-year extension: Representative Ryan

[Eugene]

Source: Reuters

Tax breaks package to get one-year extension: Representative Ryan

BY EMILY STEPHENSON AND KEVIN DRAWBAUGH
WASHINGTON Tue Dec 2, 2014 12:29pm EST

(Reuters) - The Republican lawmaker who will soon become the top tax law writer in the U.S. House of Representatives on Tuesday said dozens of temporary federal tax breaks would be renewed for one year, setting aside any effort to restructure them.

Known as the "extenders," the 55 regularly renewed measures affect a wide range of special interests, from schoolteachers and commuters to corporate research and alternative energy. A tentative deal to change how Congress handles them collapsed last week after a White House veto threat.

"The president blew it up, so we're just going to do a clean, one-year deal," Representative Paul Ryan, who will take over in January as chairman of the House's tax-writing committee, said at a conference in Washington.

Separately, Republican Majority Leader Kevin McCarthy told reporters on Capitol Hill on Tuesday that the House would approve a bill this week to renew the extenders.

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Read more: http://www.reuters.com/article/2014/12/02/us-usa-tax-ryan-idUSKCN0JG1NN20141202

[Wellstone ruled]

1. Here you go again,

just a cover for the Blue Dogs and weak knee Dems.. The Wall Street teat suckers want the Bush Tax give aways returned with a little kicker. One year my ass,what a joke.