Tax breaks extended
Congressional lawmakers got together in the opening hours of 2013, and reached a deal that staved off some tax increases and looming massive federal budget cuts.
As in any deal, there are winners and losers. More than 50 temporary tax breaks were renewed through 2013, saving businesses and individuals about $76 billion, according to the Associated Press. The tax breaks, renewed regularly, were allowed to expire at the end of 2012, but were retroactively renewed when President Obama signed the “fiscal cliff” bill.
Here is a look of some of the “fiscal cliff” deal’s beneficiaries, based on information provided by AP.