I spoke to Geof Koss of E&E News about the upcoming lame duck session of Congress and the odds of a tax title:
Also waiting in the wings is an assortment of expired energy tax incentives, including for biofuels, alternative vehicles and energy efficiency. There’s bipartisan support in both chambers for doing so, but House Republican leaders continue to resist longer extensions sought by congressional supporters (E&E Daily, Nov. 6).
Liam Donovan, a tax expert and Bracewell principal, said he expects some sort of tax package to emerge in the lame duck, but congressional appetite for tacking on a difficult fight over taxes to the year-end to-do list was unclear.
That would depend on the size and duration of the final spending omnibus. “Because once you crack the door for a tax title, everyone wants to get in,” he said last week, adding that taxes would likely resurface early in the next session of Congress.
Read the entire piece here.