House Approves One-year Extension Of Expired Tax Breaks

The House of Representatives on Wednesday approved a bill that would let businesses and individuals claim a slew of tax breaks for 2014. The House bill renews more than 50 so-called tax extenders that expired at the end of 2013, including provisions for tuition expenses and corporate research. The Senate hasn't yet scheduled a vote on the bill, which would add about $45 billion to the deficit if left in place over 10 years. The House vote on the bill was 378 to 46.