Hatch to 'Start From Scratch' on Tax Incentive Extenders in 2015
Background. The EXPIRE Act, which Hatch supported when the Senate Finance Committee approved the legislation in April, failed a floor vote in May. As committee chairman, Hatch will have the power to craft a bill more favorable to the new Senate Republican majority. Negotiations to strike an extenders deal similar to the EXPIRE Act failed in late November, leaving Congress to move forward with a one-year, retroactive deal (HR 5771) to retroactively renew the dozens of expired breaks only for tax year 2014. The House approved that bill Dec. 3 and the Senate is expected to vote on it Dec. 10.