In a rare moment of bipartisanship in Washington, the House voted overwhelming Wednesday to approve a bill retroactively extending a number tax breaks that expired at the end of 2013.

The House voted 378 to 46 in favor of the bill, known as the Tax Increase Prevention Act, although the bill only extends the tax breaks until the end of this year.

House Speaker John Boehner, R-Ohio, praised the passage of the bill but criticized the White House for blocking a broader deal.

"I am disappointed the White House blocked a bipartisan, permanent solution that would have given businesses and their employees the certainty they need to grow and hire," Boehner said.

He added, "However, I am hopeful today's bill will help lay the groundwork for the House and Senate to continue their work to fix our broken tax code through tax reform, which will encourage robust economic growth and create more American jobs."

President Barack Obama threatened to veto the broader proposal because it did not include extensions of the Earned Income Tax Credit and the Child Tax Credit, which are seen as helping the working poor.

The short-term extension approved by the House has faced criticism for failing to provide certainty for businesses as well as the fact that the cost of the bill was not offset. Over ten years, the bill would add nearly $45 billion to the deficit.

The bill includes extensions of the research and development credit, the deduction for out of pocket expenses of school teachers, and the production tax credit for renewable energy.

While Senate Democrats had been pushing for a two-year extension of the tax breaks, the Senate is expected to pass the short-term extension as time runs short in the lame-duck session.

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