Congress closes in on tax break extension

[nitpicker]

http://thehill.com/policy/finance/domestic-taxes/225778-congress-closes-in-on-tax-break-extension

Congress closes in on tax break extension
By Bernie Becker - 12/02/14 05:57 PM EST

Momentum is building for a one-year extension of a slew of expired tax breaks despite resistance from liberal Democrats in the Senate.

The House is expected Wednesday to easily approve legislation worth $45 billion that would restore dozens of tax breaks that lapsed at the end of 2013 only through the end of the current year.


(snip) there are also already signs that the Senate will end up accepting the House plan, as the tax provisions continue to divide Democrats in the wake of their losses at the polls last month.
(snip)

Even so, Democrats on the tax-writing Finance Committee said they weren’t willing to give up on enacting their preferred approach, which committee passed earlier this year and would extend most of the incentives through 2015.
(snip)

At issue are a collection of more than expired tax incentives, which include business preferences like the credit for research and provisions for small business expensing. The pile of tax breaks also includes preferences for distressed homeowners, workers who commute by mass transit and some derided as corporate pork — like incentives for racecar track owners and the Puerto Rican rum industry.
(snip)

[merrily]

1. "Liberal Democrats in the Senate?" Who might they be?