Full Title: The Senate Can Use Tax Extenders as an Opportunity to Improve the Tax Code
Author(s): Curtis S. Dubay
Publisher(s): The Heirtage Foundation
Publication Date: July 1, 2015
Full Text: Download Resource
Description (excerpt):
The tax extenders are a group of approximately 50 tax-reducing policies that expire regularly. Congress has traditionally extended them just as regularly as they expire. Late last year, Congress retroactively renewed them for 2014, which means they are currently expired. The Senate Finance Committee marked up its version of this year’s tax extender bill recently. In that mark up, the committee retroactively renewed all the tax extenders for 2015 and extended them through the end of 2016. There will only be a few minor deviations from the original mark released by Chairman Orin Hatch (R–UT).[1] By extending all the policies in the package, the Senate Finance Committee missed an important opportunity to improve the tax code. But the opportunity remains for the Senate to improve the legislation.