Proposal Would Extend Tax Breaks Through 2015

Benefits for corporate research and international finance operations are included in Senate plan.

Dozens of lapsed U.S. tax breaks, including benefits for corporate research and international finance operations, would be extended through 2015 in a plan released by Ron Wyden, chairman of the Senate Finance Committee.

Wyden scheduled an April 3 vote on his proposal, which was released today and would cost the U.S. government $67 billion over the next decade in forgone revenue. The tax breaks, which benefit companies including Citigroup Inc. and General Electric Co., expired Dec. 31.

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