Senate Committee Reaches Deal On Tax Credits Before Recess | WAMU 88.5 - American University Radio

WAMU 88.5 : Morning Edition

Filed Under:

Senate Committee Reaches Deal On Tax Credits Before Recess

Bill unlikely to pass the House

Play associated audio

Many businesses in the D.C. region are keeping an eye on a piece of legislation to extend tax credits but the bill may get trapped in partisan wrangling. 

Businesses need certainty and this Congress has failed to provide any such thing. But before leaving D.C. for the month of August, the Senate Finance Committee was able to muster a bipartisan compromise to extend a broad array of tax credits that help everyone from students to business owners. 

The bill is vital for the region, says Sen. Ben Cardin (D-Md.), who is on the committee and voted for the measure.

"We have the energy credits which are very important. We have some energy projects that are being held up because for all intents and purposes the energy credits have already expired," Cardin says. "We have the transit benefit which is very important for federal workers and government workers. The predictability on the college credits, work opportunity tax credits. All those are important." 

The bill is moving through the Senate, but it s unlikely to pass the hyper-partisan U.S. House. Cardin hopes leaders in the two chambers can start a dialogue now that the legislation has picked up broad support in the Senate. 

"What we are trying to do is start momentum by getting some action," he says. "We think if we can get the Senate Finance Committee to act, that could present some momentum on the issue."

A House bill to address similar tax issues failed to garner even a single Democratic vote. 

NPR

4 Out Of 5 Puzzlers Say These Things Are The Same

Rearrange the letters in a four-letter word and a five-letter word to get a pair of synonyms. For example, given "time" and "night," you would say "item" and "thing."
NPR

Italian Cheese Lovers Find Their Bovine Match Through 'Adopt A Cow'

The cheeses of the Italian Alps are prized for their flavor. But the tradition of cheese-making here is dying off. Now remaining farmers are banding together around an unusual adoption program.
NPR

6 In 10 Young Republicans Favor Legal Marijuana, Survey Says

A Pew Research Center survey shows that 63 percent of Republicans under the age of 34 favor legalization.
NPR

A Neuroscientist Weighs In: Why Do We Disagree On The Color Of The Dress?

Robert Siegel speaks with Dr. Bevil Conway, a neuroscientist at Wellesley College, about the dress that has the whole Internet asking: What color is it?

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.