November 16, 2006 01:46 PM | | Bookmark and Share

Control over the House and Senate will change when the new Congress begins in January, but one thing remains the same: members of Congress of both parties still love to shower corporate interests with targeted tax breaks to encourage campaign donations. A package of extensions for a group of tax breaks, known on Capitol Hill as the “tax extenders,” is attracting little notice among the general public but a fair amount of consternation among members of Congress. The package, with an estimated cost of over $38 billion, includes corporate tax breaks that are usually renewed every two years or so rather than enacted permanently — after all, corporate interests would have no incentive to make campaign contributions if they didn’t have to return to the Hill every year to grovel.

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