The House this afternoon has been considering a bill that would make certain temporary provisions of the Code permanent. Final vote on H.R. 644 is expected by early evening.
H.R. 644, America Gives More Act of 2015, contains permanent extensions relating to:
The Joint Committee on Taxation today released a revenue estimate of this bill on the JCT website (posted on February 12, 2015).
The House tomorrow is expected to consider H.R. 636, America’s Small Business Tax Relief Act of 2015—a bill that includes permanent extensions relating to:
If or when the Senate would consider these bills has not been established.
There are two Statements of Administration Policy (SAPs) indicating that the president would be advised to veto these two bills, in large part because the revenue costs are not offset.
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