House votes to extend $31B in expiring tax breaks

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WASHINGTON — The House has passed a bill extending $31 billion in popular tax breaks, including an income tax deduction………

“We’re in a recession and for the obvious reasons you don’t raise taxes in a recession,” said Rep. Dave Camp of Michigan, the top Republican on the tax-writing House Ways and Means Committee. “What we want to try to do is stimulate investment, not tax it.”or sales and property taxes.   MORE