- Tax Extenders Debate is Extended — EXPIRE Act Stalls in the Senate
- May 26, 2014
- Law Firm: Sutherland Asbill Brennan LLP - Washington Office
Sen. Ron Wyden’s (D.-Ore.) EXPIRE Act, which would have revived several expired tax provisions, has been stalled in the Senate. Despite broad bipartisan support for the EXPIRE Act, an apparent disagreement over amendments is preventing a vote on final passage.
Senate Republicans proposed a number of amendments to the bill, including the repeal of the Affordable Care Act’s medical device tax and elimination of the wind production tax credit, but Senate Majority Leader Harry Reid (D.-Nev.) moved for cloture to end debate on the amendments and force a vote on the un-amended bill. The cloture motion received 53 votes, but, since a cloture motion requires 60 votes to pass, the tax extenders bill remains in procedural limbo.
Leaders on both sides blame the other for the gridlock, and it seems unlikely that the bill will move to a vote anytime soon.
Read coverage from Forbes, Bloomberg, The Hill, and Roll Call, and an editorial in the Washington Post.