Tax Extenders May Miss ‘Last Train’ Out of Congress This Year (1)

Stalled government funding negotiations threaten to end expired tax benefits that a variety of industries have fought for Congress to extend.

Senate Appropriations Chairman Richard Shelby (R-Ala.) told reporters that a short-term stopgap looked like a far more likely option to fund the government beyond Nov. 21 than the comprehensive government funding package lawmakers hoped to complete. Shelby said Oct. 23 that his preference would be to extend current funding levels for three to four months, likely without any additional policy riders.

That would pull the rug out from industries counting on tucking their preferred tax breaks into ...