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Senator McConnell On What Happens to Tax Extenders if Republicans Win the Senate

The Hill reports that Senator McConnell would like to see the Expire Act, already passed by the Senate Finance Committee, passed during the lame-duck session. This, presumably, is the same thing Senator Wyden would push for if the Democrats retain control of the Senate:

Senate Republican Leader Mitch McConnell (Ky.) wants to get all must-pass legislation completed in the lame-duck session, so Senate Republicans would have a clean slate at the start of 2015, if they control the upper chamber.

Senate GOP aides say that’s the message from the leader, who could face opposition from conservative lawmakers who want to block any nonemergency measures in the window between Election Day and the start of the new Congress in January.

“We keep hearing from the leadership we’re going to clear the decks in the lame duck,” said a senior GOP aide.

Under this scenario, the Senate Republican leadership would prefer to pass an omnibus spending bill or a yearlong stopgap funding measure that would keep the federal government operating until the end of the fiscal year on Sept. 30.

It could also have implications for a package extending a variety of expired tax provisions. Some House Republicans would like to delay action on the so-called tax extenders package to 2015 in the hope that a Congress under unified GOP control could make some of the fixes permanent.

This, however, would have to be done immediately at the start of the new session if the fixes were to apply to 2014. Tax returns must be filed by mid-April.

House Republicans are seeking to extend some expired provisions, like the credit for business research, indefinitely.

Aides say the Senate GOP is open to that approach, but it wants to finish off an extenders package before 2015 — and the easiest way to do that could be with the bipartisan measure already passed by the Finance Committee.

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