Monday, May 12, 2014

Today's News - Washington News

Today's News - Washington News: Senate Majority Leader Harry Reid (D-NV) is expected to offer the Expire Act (S. 2260) for a vote the week of May 12th. The tax extenders bill passed unanimously in the Senate Finance Committee and is expected to receive a vote of approval by the full Senate.

House Ways and Means Chairman Dave Camp (R-MI) has chosen a distinctly different path. Each of the six tax extenders passed by the House Committee has been a separate bill. The first tax extender was a simplified version of the research credit and it would be extended permanently. The bill passed in the full House on May 9th by a 274-131 vote.

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