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

From 'Dragon Tattoo' To The 'Spider's Web': Stieg Larsson's Heroine Returns

The late Stieg Larsson's Millennium series of novels is getting an addition, The Girl in the Spider's Web. The book, written by David Lagercrantz, just got its title and a U.S. release date: Sept. 1.
NPR

Our Food-Safety System Is A Patchwork With Big Holes, Critics Say

More than a dozen federal agencies play a part in keeping food from making Americans sick. Critics say the system has gaps, and we'd all be safer if federal food safety efforts were under one roof.
WAMU 88.5

Hogan's Promise To Cut Maryland Taxes Curbed By Lawmakers

In his campaign last year, Maryland Gov. Larry Hogan pledged to cut taxes in the state, but so far only two minor measures have made it out of committee.

NPR

If Drones Make You Nervous, Think Of Them As Flying Donkeys

In Africa, where there aren't always roads from point A to point B, drones could take critical medicines to remote spots. But the airborne vehicles make people uneasy for lots of reasons.

Leave a Comment

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