Lawmakers Eye Debt and Spending Deal for Stalled Tax Bills

Lawmakers are eyeing a preliminary government debt and funding deal as a vehicle for stalled tax legislation, but will move cautiously to prevent upsetting a delicate negotiation to keep the government running.

The deal, which Treasury Secretary Steven Mnuchin touted as a near-complete work in progress during a television appearance July 18, would extend the government’s ability to borrow and raise expected government spending.

That may present the last must-pass legislation for the year, and lawmakers charged with tax policy hope they can attach their bills as riders to help expedite their approval.

House Ways and Means Committee Chairman ...