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ARTICLE · 22 MAY 2014

Tax Policy Update - May 20, 2014

NUMBER OF THE WEEK: 53. The number of senators who voted to end debate and proceed to a vote on a package to extend more than 50 expired tax breaks.

United StatesTax

NUMBER OF THE WEEK: 53

The number of senators who voted to end debate and proceed to a vote on a package to extend more than 50 expired tax breaks — seven votes shy of the 60 votes required to overcome the procedural hurdle. What's next for the extenders? Keep reading.  

LEGISLATIVE LANDSCAPE

Senate: Tax Extenders Package Falls Victim to Procedural Scuffle. Despite broad bipartisan support in the Senate for a two-year extension of more than 50 individual and business tax breaks known as extenders, the bill failed to rally enough votes to end debate and proceed to a vote on passage. In the days leading up to the failed cloture vote, Republican senators complained about the Democratic leadership's refusal to allow amendments to be added and debated on the floor, including an amendment that would repeal the medical device tax. More than 150 amendments were filed on the bill. Senate leaders are expected to meet this week in hopes of hashing out a deal over

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