Senate Finance May Revive Tax Breaks

Committee nears bipartisan agreement to continue lapsed and expiring tax breaks, including corporate research credit.

The U.S. Senate Finance Committee is nearing a bipartisan agreement to continue dozens of lapsed and expiring tax breaks, including benefits for corporate research and wind energy.

Committee members met in private yesterday and today. Many of the tax breaks, including the research credit, expired at the end of 2011.

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