The Senate Finance Committee is gearing up to address the 55
tax provisions known as extenders that expired at the end of 2013.
Chairman Ron Wyden (D-OR) and the ranking member, Sen. Orrin Hatch
(R-UT), are indicating that they will bring a bill, known as the
Chairman's Mark, to the committee as early as next Wednesday.
Despite reports to the contrary, the exact timing for an actual
markup of the bill is not yet confirmed.
Wyden and Hatch have said in the past that they would prefer a
package providing for a two-year extension of the already-expired
provisions, which, if enacted, would be applied retroactively to
cover the 2014 tax year as well as 2015.
As we discussed in this week's
tax policy update, it is likely that not all of the tax
extenders will be included in the base package, which we expect
will not be offset by new revenue measures. However, Wyden may
require offsets for any extenders added to his base package by
amendment in order to keep the cost
