The United States averted economic calamity when lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession.
The deal is not only about tax cuts, it also includes extensions of some odd provisions.
Let's take a look at some of them.
Source: Business Insider
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There's a provision extending a tax policy related to Puerto Rican rum.
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A tax credit for two- and three-wheel electric vehicles.
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Extension of incentives for biodiesel and renewable diesel.
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Extension of some special rules for film and television business.
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Extension of seven-year recovery period for motorsport entertainment complexes.
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Bill provides market loss assistance for asparagus producers.
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