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Dave Camp

Dozens of expired tax breaks would get renewed under bill

Businesses big and small would get to keep claiming dozens of tax breaks that expired at the start of the year under a bill that overwhelmingly passed the Senate Finance Committee Tuesday. Struggling homeowners and people who live in states without a state income tax would get to keep their tax breaks, too. The bill would extend more than 50 tax credits, exemptions and deductions through 2016, beyond the upcoming presidential election. It would add $95 billion to the budget deficit over the next decade, according to the nonpartisan Joint Committee on Taxation, which provides official estimates for Congress. "While some tend to write off tax extenders as special-interest giveaways, in...

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