If lawmakers don’t renew temporary tax breaks in the upcoming spending bill they may not have another near-term opportunity, Senate Finance Committee Chairman Chuck Grassley said.

“There are negotiations going on,” he told Bloomberg Tax Feb. 5 when asked about the possibility of the breaks, known as extenders, catching a ride on the spending bill. “I don’t know when the next opportunity is, and it’s very important to get it done just about now if people are going to take...