US-Chile Tax Treaty Inches Toward Senate Vote

There’s progress on the US-Chile tax treaty, after lawmakers worked out concerns over language on foreign tax credits, which has slowed momentum toward ratification.

A US-Chile tax pact dates back to 2010, but it’s still not gotten a Senate floor vote despite an OK from the Senate Foreign Relations Committee as recently as last year. Majority Leader Charles Schumer (D-N.Y.) and other lawmakers sought to move it during the early days of this Congress while there was floor time available, but some Republicans balked.

Now, lawmakers say they are moving forward.

“The ink is dry,” said Senate Foreign ...