Five task forces charged with coming up with solutions for so-called tax extenders
Senate Finance Chairman Charles Grassley, R-Iowa, right, and ranking member Ron Wyden, D-Ore., are seen at a hearing in February. (Tom Williams/CQ Roll Call file photo)
Senate Finance Chairman Charles E. Grassley announced the creation of five task forces charged with delving into what to do about 42 myriad tax breaks that continually get turned on and off by Congress, ranging from an incentive to sell cleaner-burning biodiesel fuel for trucks to a deduction for mortgage insurance premiums.
The joint announcement by the Iowa Republican and Oregon Democrat Ron Wyden, the committee’s ranking member, comes 16 and a half months after 26 tax “extenders” expired at the end of 2017. Grassley said the task force is charged with coming up with solutions by the end of June, including whether to consolidate or change certain provisions, make them permanent or allow them to lapse.