The top lawmakers on the House Ways and Means Committeedisagreed over whether extending tax breaks for research andinternational finance operations should be offset to prevent theU.S. budget deficit from growing.
Representative Dave Camp, the committee chairman, has suggestedmaking some lapsed tax breaks permanent and letting others expire.Congress has routinely extended many of the breaks without pairingthem with spending cuts or tax increases, he said yesterday.
“If we're going to continue doing that repeatedly,” the MichiganRepublican said at a hearing, “it's worth at least having thisdiscussion.”
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