Tax Writers to Focus on Extenders, Retirement This Fall

Lawmakers returning from recess this week will begin working on the contours of a tax package that they hope to pass by the end of the year.

They have to grapple with temporary tax breaks known as extenders, which are near and dear to industries but increasingly under attack from economists and political activists. They also will try to regain momentum for a House-passed bipartisan bill (H.R. 1994) to reform the retirement system that is stalled in the Senate.

There are other items in the mix that tax writers want to pursue. House Ways and Means Committee Chairman ...