House Ways and Means Committee Chair Dave Camp, R-Mich., told reporters not to expect a tax reform bill or legislation to renew dozens of tax provisions scheduled to expire at the end of 2013, including:
- The state and local sales tax deduction.
- The deduction for mortgage insurance premiums as interest.
- The deduction for qualified tuition and related expenses.
- The $250 deduction for certain expenses of elementary and secondary school teachers.
- The Work Opportunity Tax Credit.
- The increase and expansion of §179.
- The Research and Experimentation Tax Credit.
- The MACRS 15-year straight line cost recovery for qualified leasehold, restaurant and retail improvements.
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