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Five Things You'll Want to Know About the 'Temporary' Tax Cuts Congress Just Passed...And Why Business Leaders Are Complaining About Them

They affect about one in six taxpayers.

This March 22, 2013, file photo, shows exterior of the Internal Revenue Service building in Washington. As the United States attempts to punish Russia for its actions in Ukraine, the Treasury Department is deploying an economic weapon that could prove to be more costly than sanctions: the Internal Revenue Service. This summer, the U.S. plans to start using a new anti-tax evasion law that will make it much more expensive for Russian banks to do business in America. (AP Photo/Susan Walsh, File)

WASHINGTON (AP) — In an almost annual ritual, Congress has passed a last-minute package of temporary tax breaks, sparing millions of businesses and individuals from unwanted tax increases just weeks before start of filing season.

Congress extends these tax breaks every year or two, usually at the last minute, drawing complaints from business leaders tired of the uncertainty. This year's package will add nearly $42 billion to federal budget deficit, according to congressional estimates.

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