Restoration of expired extenders and tax relief for the 2018 natural disasters may be coming soon
Senate Finance Chairman Chuck Grassley (R-Iowa) told reporters on Thursday, the Senate’s final day in D.C. for more than a month, that he had begun receiving reports on the expired and expiring tax breaks known as extenders from other members of his committee, though they haven’t been publicly distributed yet.
The Finance Chairman has been pushing for basically all of this year to find a deal on extenders, only to run into a newly Democratic House that’s shown little interest in the incentives. With that in mind, it’s not clear how or if a new set of task force reports will help break the impasse. In any event, Grassley said Thursday that he received four of the seven expected reports recently and that they will be distributed soon.
“They’re going to be made public right away, and then we’re going to add to them as the others come out,” Grassley said. He originally planned to collect and release reports in June from extenders task forces he and the committee’s top Democrat, Sen. Ron Wyden of Oregon, set up in May. But that clearly didn’t happen, and Grassley declined to comment on whether conflicts within those groups caused the delay. Grassley and Wyden have legislation to restore expired extenders through the end of this year and put tax relief provisions in place to cover natural disasters that happened in 2018.