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Today in Washington - December 11, 2018

December 11, 2018

Source: Jennifer (White) Mangone - Legislative Counsel


Today in Washington

December 11, 2018

 Ways and Means Chair Kevin Brady to Introduce Lame Duck Tax Law Changes Package 

House Ways and Means Chairman Kevin Brady (R-TX) has proposed a lame-duck tax package that includes temporary tax breaks known as extenders and technical corrections to last year’s tax overhaul. That bill would make permanent a tax break for railroad track improvements, create a long-term extension and phaseout of the biodiesel and renewable diesel fuels credit, and renew several other temporary tax provisions. Senator John Thune (R-SD), a member of the tax-writing Senate Finance Committee said the Senate is working on a “skinny version” of a lame-duck tax bill that would also include extenders. 

The revised lame-duck package is expected to released today, including several health-related tax provisions, such as measures to repeal the Affordable Care Act’s tax on businesses offering indoor tanning services and to delay the “Cadillac tax” on high-cost employer-sponsored health plans. Brady first released a lame-duck tax package on November 26, but a planned vote was delayed due to opposition from some lawmakers over extending an excise tax on coal companies and low member turnout as a result of defeats in the November midterm elections.


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