By Lauren Camera
By the end of this week, the U.S. House of Representatives is expected to pass a bill as early as Wednesday that would restore a slate of expired tax breaks, including three education-related measures.
This is precisely the sort of bizarre and wonky thing that Congress is known for doing: The tax breaks it would like to retroactively reinstate initially expired Jan. 1 of this year. The proposal would extend those tax breaks only through the end of this year, meaning they would once again expire at the end of December.
The move comes after President Barack Obama threatened to veto a tax deal that Majority Leader Harry Reid, D-Nev., and Rep. David Camp, the Republican chairman of the House Ways and Means Committee, were brokering. That developing proposal would have extended some tax breaks indefinitely, among other things.