Friday, September 29, 2006

It's official

The tax extenders won't be enacted until after the election, ($) if they are enacted at all. Both sides appear confident that the extenders will pass in the lame duck session, and regret the inconvenience this will cause the IRS. However, many Republicans continue to insist that the extenders won't be divorced from estate tax reform. And unless Republicans achieve the unthinkable and actually pick up seats in November, estate tax reform seems unlikely this year.

Might some Republicans let the work opportunity and welfare-to-work tax credits die just to punish the Democrats for their intransigence this year?

1 comment:

JLM said...

Let's see: The Republican leadership refused to enact the extenders because it wanted to use them as carrots attached to the estate-tax bill. Trent Lott and other GOPs want to go ahead and pass the extenders after the November election, but the leadership still insists: "No estate-tax bill, no extenders."

Man, if I were a Democrat, I'd dip into my PAC money to pay for punishment like that!