Thursday, December 07, 2006

Old Congress Ends with a Whimper (and Tax Extenders?)

At least the Lame Duck Congress is staying in character. After fooling around aimlessly during the estimated 100 days or so that Congress labored in Washington, D. C. this year, the members are now prepared to leave town tomorrow.

The tax extenders? The bill has been festooned with unrelated goodies, including measures relating to oil and gas royalties and timber.

Nevertheless, on CNBC, the Boston Globe's Rick Klein predicts that enough junk will be pruned from the bill to allow the extenders to pass.

1 comment:

Jim Gust said...

The timber breaks were opposed by the New Yorkers, and have reportedly been scrapped. In turn, the "restructuring" of the New York Liberty Zone, which the Wall Street Journal complained about earlier this week, was also eliminated, providing "symmetry," according to W&M chairman Thomas.