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Senate Finance Task Forces Issue Reports on Future of Tax Extenders

August 14, 2019

The leaders of the Senate Finance Committee issued three summary reports from their internal task forces examining what to do about the perennial problem of temporary tax breaks that need to be extended every few years. Even though the PATH Act of 2015 and the Tax Cuts and Jobs Act of 2017 were supposed to make many of the temporary features of the Tax Code more permanent, there are still more than 40 temporary tax provisions that either expired or are scheduled to expire between Dec. 31, 2017 and Dec. 31, 2019. After the fight over the 2017 tax overhaul, Republicans and Democrats in Congress have been unable to agree about what to do about them. Read more at Accounting Today.