tax extenders

Reid: No Obamacare Amendments on Tax Cut Bill (Video)

Senate Majority Leader Harry Reid has no interest in debating a repeal of the medical device excise tax as part of any negotiations to revive a stalled tax cut bill.  

"That's an Obamacare amendment. We're not going to do that. [Republicans] can have as many amendments as practical to change the bill that's on the floor, and there's plenty of amendments that need to be offered on that. We have a lot on our side," the Nevada Democrat said. "So, the answer is 'no'."  

Tax Bill Highlights Split Between Grover Norquist, Club for Growth

Norquist (Tom Williams/CQ Roll Call File Photo)

The tax-cut-extension bill set for the Senate floor this week highlights a longstanding fissure between Grover Norquist's Americans for Tax Reform and the Club for Growth.  

The dispute comes down to this: The club would rather see the entire extenders package disappear — and thus see higher revenue flowing to the government, at least in the short-term — because it believes that many of the provisions are anti-growth and would harm the economy in the long run. For Norquist's ATR, lower revenue is the top priority.  

Tax 'Extenders' and Energy Efficiency Make May Agenda, Reid Says

(Bill Clark/CQ Roll Call File Photo)

Senate Majority Leader Harry Reid plans to bring up a catchall tax "extenders" package to the floor next work period, along with a long-delayed energy efficiency bill.  

Those measures may be in line behind an effort by Democrats to phase-in an increase of the federal the minimum wage to $10.10 an hour. The minimum wage bill, spearheaded by Health, Education, Labor and Pensions Chairman Tom Harkin, D-Iowa, was initially expected to get a test vote on the Senate floor before the most recent work period ended, but Reid decided to move forward first with a vote on a gender pay equity measure, along with some nominations.  

Tax Breaks for Racehorses, NASCAR, Movies, Wind? Extenders Spark Spat

Wyden is chairman on the Senate Finance Committee. (Bill Clark/CQ Roll Call)

Not all horsepower is created equal, at least if you're a top Senate tax-writer.  

A draft tax extenders measure released Tuesday, ahead of a Thursday markup package, includes three-year depreciation for race horses, but it leaves out several other targeted tax policies — such as those boosting NASCAR race tracks and the film industry — that might be easy targets for opponents. That's sparked a pre-emptive spat, even though nothing is locked in stone.