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Released: August 25, 2010

100-plus tax breaks on the line

Source: Jeanne Sahadi, CNNMoney.com

When it comes to putting off assignments, college students have nothing on Congress.

Case in point: Lawmakers have yet to decide the fate of more than 100 tax breaks that either already expired at the end of 2009 or will expire by the end of this year.

Leaving big tax decisions to the fourth quarter isn’t unusual: Congress often waits for “the two-minute warning” before voting on so-called tax extenders, tax expert Ed Kleinbard said.

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