U.S. House Republicans to Scrutinize Narrow, ‘Extender’ Tax Breaks
by David Morgan (Reuters) … Just weeks after approving a sweeping tax code overhaul, the Republicans said they would examine as many as 35 “tax extender” measures to see if they should remain on the books.
“The goal is not to get rid of all of them, but probably a lot of them,” Representative Vernon Buchanan, chairman of the Ways and Means tax policy subcommittee, told a news conference.
The tax extenders include tax credits and other breaks that have provided billions of dollars in assistance to alternative energy, nuclear power, biofuels, transportation and economically depressed geographic areas, among other beneficiaries.
The House initiative could clash with the Senate, where Finance Chairman Orrin Hatch has introduced legislation to renew expiring tax extenders and revive some that expired in 2016. READ MORE
Energy tax credits included in Senate budget deal (Utility Dive)