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Monday, November 3, 2014

Expired corporate tax breaks await U.S. Congress after elections

When the U.S. Congress returns to work next week after Tuesday's midterm elections, one of its first tasks will be dealing with dozens of expired corporate tax breaks, whose renewal and extension are seen as likely though not guaranteed. Known as "extenders," the 55 temporary laws - including tax breaks for depreciation and research - have been in limbo since the end of 2013, when their last authorized extension ran out.

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