When you take a day off, Congress takes a week off; when you take a week off, Congress takes a month off. Nice to be them, huh? And they don’t worry about the work left behind. Well, Congress is on its month-long get-out-of-DC-because-it’s-too-uncomfortable recess. And they’ve left a pile of-related work to do when they get back, after they take a week off for Labor Day, of course.
Tax extendersRemember last year when Congress enacted tax extenders in the middle of December, only to have those sections of the tax code expire again two weeks later, at the end of December? This year, it’s hoping to avoid a similar fate, but it’s not certain that it will. So far, both the Senate and the House have marked up extenders legislation, but they differ markedly, and it’s not clear which version will prevail.
The Senate’s bill, the Tax Relief Extension Act of 2015 (S.B. 1946), would provide for a two-year extension, through Dec....(register to read more)