The House Ways and Means Committee today held the committee’s first mark-up of 2015 by addressing seven bills, most of which would permanently extend a number of provisions that have historically been addressed on a temporary basis as part of the recurring “tax extenders” process. The reported bills do not include revenue offsets.
The following bills were passed by the committee and reported to the House of Representatives on party-line votes:
The various bills are currently scheduled to be debated on the floor of the House of Representatives by the end of the month.
Text of the bills and amendments, as well as descriptions of each bill provided by the Joint Committee on Taxation are available on the Ways and Means website.
Various attempts to make some of these proposals permanent were made in the last Congress, but ultimately, the temporary proposals were included with the larger “tax extenders package” and their effective dates have continued to be short-term.
The failure to make these items permanent is, in part, attributable to the president’s threat to veto permanent extensions of expiring provisions when the revenue costs are not offset.
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