TAX BILL IN LAME DUCK?
Real quick, here’s what we’re hearing on the prospects of tax legislation moving when Congress returns next week:
Congressmen Hastert, Boehner, and Thomas are gathering today to decide what the House tax bill should look like. As we’ve previously reported, the best guess is a narrow bill that extends for a couple years expiring tax provisions like the R&D tax credit, together with some non-controversial trade proposals. Targeted provisions outside the usual extenders may get included, but that’s not clear right now.
On the Senate side, the limiting factor appears to be whatever can get adopted by voice vote. With the Senate …
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