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A number of tax provisions have either expired in 2011 or are
scheduled to expire at the end of this FY 2012. These include the
Bush tax cuts, the alternative minimum tax (AMT) patch, the
temporary payroll tax cut, and other temporary expiring provisions,
many of which are commonly referred to as "tax extenders." Aside
from the payroll tax cut, which was extended by the Middle Class
Tax Relief and Job Creation Act of 2012, the most recent law
extending many of these provisions was the Tax Relief, Unemployment
Insurance Reauthorization and Job Creation Act of 2010. This book
provides an overview of these expiring provisions with a focus on
past cost and cost of extension and a brief discussion of the
current debate concerning the policy.
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