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Feb. 4 — Seven bills making permanent a group of temporary tax breaks will advance to the full House after approval by the Ways and Means Committee.
The bills affect provisions known as tax extenders, many of which expired at the end of 2013 only to be renewed retroactively in late 2014. In the markup, Republican backers said their permanency would add predictability to the tax code after years of last-minute renewals.
“It's about time we got around to making these permanent, instead of all these back-to-the-future extensions,” committee Chairman Paul D. Ryan (R-Wis.) said at the Feb. 4 markup.
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