Daily Tax Report ®

Senators to Examine Temporary Tax Policy Amid Stalemate

May 16, 2019, 6:38 PM

A bipartisan group of senators will examine the utility of temporary tax breaks and examine ways to bring certainty on the issue, Senate Finance Committee Chairman Chuck Grassley (R-Iowa) and ranking member Ron Wyden (D-Ore.) announced May 16.

The senators will work in smaller task forces to examine workforce, health, and energy tax policy, among other areas, according to the release.

  • Dozens of the tax breaks, known as extenders, expired at the end of 2017. The perks help industries such as biodiesel and short line railroads.
  • Grassley and Wyden introduced legislation (S. 617) earlier this...
To read the full article log in. To learn more about a subscription click here.