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For many years, Congress has extended certain tax incentives to industries and businesses on a temporary basis, but opponents of these short-term incentives see a chance to finally end this practice, according to Bloomberg.

Congress often doesn’t want to offset long-term tax incentives by cutting government spending or killing other tax breaks so they’ve put a band-aid on the situation by offering temporary tax breaks to certain industries that end after a time. Congress finally let many of those tax breaks expire after the passage of the 2017 tax cuts because the cuts lowered taxes and the incentives weren’t necessary anymore. Political groups and think tanks from all parts of the political spectrum who oppose this practice see this as a chance to end these short-time tax breaks.

Marc Goldwein, senior policy director for the Committee for a Responsible Federal Budget, said, “Of all the times that we’ve tried to do it, we’ve got a better chance now than many of the others. Part of the reason we think we have the opportunity is that this is the longest time they’ve ever been expired.”

Many are hopeful to see the practice end as they see it as a fairness issue where connected industries and companies can go to Congress and use their connections to pay less taxes than everyone else.

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