Descriptions of these bills and revenue estimates have been prepared by the Joint Committee on Taxation and are posted on the JCT website.
Last week, the Ways and Means Committee reported bills to make permanent:
The House Rules Committee has combined these seven bills into two bills (using two of the original bill numbers).
The House schedule indicates the full House will take up and consider these bills later this week.
The administration issued Statements of Administration Policy (SAPs) stating that the president would veto these two bills, in large part because the revenue costs are not offset.
In the last Congress, there were various attempts to make some of these proposals permanent; however, ultimately, the proposals were extended only temporarily as part of a larger “tax extenders package.”
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