No Progress in Senate on Tax Incentive Extenders
Tax extenders remain mired in the Senate over a continuing stalemate on the scope and number of amendments. Senate Finance Committee Chairman Ron Wyden (D-Ore.) and the panel's ranking member, Sen. Orrin Hatch (R-Utah), said June 2 they were continuing to talk about how to advance the legislative package (HR 3474) of more than 50 expired tax breaks and benefits on the Senate floor. A previous attempt to get to a vote failed to clear a procedural hurdle before the recent break. Talks are expected to continue this week. The main hurdle is Republican efforts to repeal a tax on medical devices and to undo other parts of the Affordable Care Act, which Senate Majority Leader Harry Reid (D-Nev.) wants no part of. Failure to reach a deal could push the issue into a likely post-election, lame-duck session.