Incoming Senate Majority Leader John Thune’s proposal to punt a tax bill until later next year is winning favor in his chamber while House Republicans fret over the mechanics with their razor-thin majority.
Consolidation of support behind Thune’s proposed schedule augurs a later agreement on renewal of expiring pieces of the GOP’s 2017 tax law, spelling uncertainty for taxpayers and preparers in the lead-up to the 2026 filing season.
“We have the absolute right strategy,” said Sen. John Barrasso (R-Wyo.), a Finance Committee member who will serve as whip during tax package consideration next year. “The incoming White House agrees, ...
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