Congress Works Toward A Reasonable Tax Extension Plan
CONGRESS STRUGGLES ON TAX EXTENDERS: While Congress is making early moves toward a six-month deal to keep the government funded and avoid a September shutdown, Republicans are struggling to develop a tax extenders package – potentially including the soon-to-expire wind production tax credit – against opposition from more conservative members. GOP freshmen and conservative members of the Republican Study Committee have shown little love for the extenders. For these Republicans, any support for these special provisions could dilute their pursuit for a broader tax-reform package in the next Congress, if the party retains the majority. Jake Sherman and John Bresnahan report: