Wyden, Hatch Announce Markup of Job-Protecting Tax Extenders Package

WASHINGTON – Senate Finance Committee Chairman Ron Wyden, D-Ore., and Ranking Member Orrin Hatch, R-Utah, today announced the committee will markup legislation on a set of provisions known as “tax extenders” that have expired or will expire at the end of this year. The markup of the bill, entitled the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act, will take place on Thursday, April 3, in Room 215 of the Dirksen Senate Office Building.  

“This bipartisan extenders package is the product of a Finance Committee that came together to provide needed certainty to the economy, protect jobs and maintain important priorities for working families,” Wyden said. “With that said, I am determined this will be the last extenders bill on my watch. It’s high time we focus on creating a new, 21^st-century tax code, because the status quo is unacceptable.”

“For far too long Washington has acted to extend long-standing tax policy, rarely shining a spotlight on the individual provisions or their impact on the families and businesses that benefit from them. Such dysfunction must come to an end,” said Hatch. “This pared back bill demonstrates to the American people that Congress can and will make the tough decisions needed to help clean up our broken tax code.  It’s imperative to allow the Committee to work its will and a markup will provide members with ample opportunity to thoroughly examine these provisions.”

The package includes provisions that would benefit individuals, families, and small businesses, incentivize innovative research and development, and promote alternative and renewable energy initiatives, among others.

The Chairman’s Mark can be found here. A summary can be found here.

Media are encouraged to attend the markup or to view the webcast and witness testimony at http://finance.senate.gov/hearings.

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