Tax cut deal includes energy tax cuts - KWWL - Eastern Iowa Breaking News, Weather, Closings

Tax cut deal includes energy tax cuts


WASHINGTON (AP) -- A summary of President Barack Obama's tax-cut agreement with Republicans says the measure extends expiring energy tax breaks. 

Credits for the production of bio-diesel and renewable diesel fuel, wind energy and ethanol are among those extended under the deal.

The breaks are to be included in a broader plan to extend tax breaks at all income levels that are due to expire on January 1, while also renewing a program of jobless benefits for the long-term unemployed that is due to lapse within days, and implementing a one-year cut in Social Security taxes.

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