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Show Notes
Some complicated tax issues face Congress when lawmakers return after Labor Day.
Extenders—those expired or about-to-expire temporary tax breaks for specific groups—remain in play big-time in both House and Senate. The House Ways and Means Committee has passed an extenders package, and Sen. Chuck Grassley (R-Iowa) says he will make the issue a Finance Committee priority in September.
Meanwhile, the outlook for passage of technical corrections to the 2017 tax law remains unclear. There’s the so-called retail glitch—an inadvertent blow to stores and restaurants that make renovations—and what’s known as the church parking tax problem.
Amanda Iacone talked about the Capitol Hill tax picture with Bloomberg Tax reporters Stu Basu and Colin Wilhelm.
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