Ways and Means Committee Likely to Renew Full Set of Tax Extenders

Chuck O'Toole of Tax Analysts reports:

The House Ways and Means Committee will likely approve renewals of the full set of so-called tax extenders, panel Chair Charles B. Rangel, D-N.Y., told reporters November 19.

Rangel said he was embarrassed not to let at least some of the incentives expire as scheduled but said the committee lacks the time this year to hold hearings on the matter.

"It would really cause more of a problem in excising them with this short period of time we have," Rangel said. "We can't just say we don't like [extenders]. We have to ask you to justify why it's in the code." 

See Chuck O'Toole: "Ways and Means to Move Full Set of Extenders, Rangel Says," 2009 TNT 222-2, November 19, 2009

Posted by Marc Patterson, Associate Editor, Wealth Strategies Journal.

 

 

 

  222-2