16 May 2019 Senate Finance Committee establishes extenders task forces The Senate Finance Committee has established bipartisan task forces to evaluate tax provisions that expired or expire between December 31, 2017 and December 31, 2019, plus disaster relief, beginning immediately and wrapping up by the end of June, Chairman Chuck Grassley (R-IA) said on the Senate floor May 16. Chairman Grassley said the task forces are to determine whether the need for the provisions continues and possible solutions that would provide long-term certainty in these areas, which may include: Chairman Grassley said he would continue working with House tax-writers to extend provisions that expired on, "but we shouldn't wait any longer to start laying the groundwork to deal with all of these temporary tax policies as permanently as possible." He and Ranking Member Ron Wyden (D-OR), who is part of the task force exercise, in February introduced a bill (S. 617) to provide a two-year extension of the temporary tax provisions that expired on December 31, 2017, and would also extend the reduction in the deduction floor for medical expenses, the oil spill liability trust fund rate, and the black lung liability trust fund excise tax. The Chairman said the exercise is intended to end the practice of "Congress always kicking the can down the road." There are dedicated e-mail addresses stakeholders can use to submit comments to the groups. The addresses are listed in the press release that is attached along with a Joint Committee on Taxation background document.
Document ID: 2019-0944 | |||||
