House panel to work on permanent tax breaks

By Joseph Lawler, Washington Examiner.

A House panel will work this week on re-upping expired tax breaks and making them permanent.

The Ways and Means Committee announced Tuesday that it would hold a markup Thursday to pass a slew of tax bills, including several so-called "extenders," or temporary tax provisions that are frequently renewed.

Among the provisions is a tax break, known as "bonus depreciation," that allows businesses to more quickly write off the cost of new investment.