Congress finally passes tax breaks … for 2014

So, yeah, that seems to sum up this Congress about right. With mere weeks to go in the year, the U.S. House passed a package of tax breaks ... that expire at the end of the year.

The tax breaks cover a number of areas, but most notable is a number of incentives for business investment in research and development, new equipment, etc. So, once again, if you can make some big investments before December 31, lucky you. Of course, the biggest beneficiaries of this will be people who already made the investments (and, apparently, didn't need a tax incentive, but hey they'll get one anyways).

The Senate is expected to pass the breaks this week, too, so if there's a new Conolift on your Christmas list, party down.

 

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