Daily Tax Report ®

Lawmakers Eye Debt and Spending Deal for Stalled Tax Bills

July 18, 2019, 9:00 PM

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...

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