The extenders include 55 temporary tax provisions that expired at the end of 2013, including business provisions such as credits for research and experimentation as well as measures that affect individuals, such as the state and local tax deduction. They also include energy credits, most notably the renewable electricity production tax credit that has aided the U.S. wind farm industry.
Top Senate Republicans involved in tax policy see the extenders package as a way to reduce uncertainty for businesses and possibly make permanent some of the provisions, such as the research and experimentation credit, that most affect investment.
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I agree, China needs more of our industries. Also individuals need to give the goobermint more dough to blow!