The House Ways & Means Committee on Friday released a 7-page summary of the Tax Extenders Act of 2009:

The Tax Extenders Act of 2009 would provide individuals and businesses with approximately $30 billion in tax relief in 2009 by extending for one year (through 2010) more than forty provisions that are scheduled to expire at the end of 2009. This $30 billion in tax relief includes more than $5 billion in individual tax relief and more than $17 billion in business tax relief.  The Tax Extenders Act of 2009 also extends more than $7 billion of tax provisons that encourage charitable contributions, provide community development initiatives, provide tax relief in the event of a Presidentially-declared disaster, and support the deployment of alternative vehicles and alternative fuels.

• Bloomberg, Rangel Says House Democrats Will Renew Tax Breaks
• Joint Committee on Taxation, Estimated Revenue Effects (JCX-59-09)
• Wall Street Journal, House Prepares To Renew Expiring Tax Cuts For One Year
• Web CPA, Rangel Plans to Renew Expiring Tax Breaks