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U.S. Congress

From racing to rum, things to know about year-end tax breaks

It's December, when Congress typically passes a last-minute package of temporary tax breaks, sparing millions of businesses and individuals from unwanted tax increases just weeks before the start of filing season.

This year, lawmakers will have to do it again if they want to avoid the wrath of angry taxpayers at holiday time.

Congress extends these tax breaks every year or two, usually in the final days, drawing complaints from business leaders tired of the uncertainty.

The Senate Finance Committee passed a package of 56 temporary tax breaks in July. The package would extend the tax breaks through the end of 2016, saving taxpayers $95 billion, which would be added...