The April 18 extenders roundtable at the House Ways and Means Committee has been described as a “dog and pony show” given that little came out of the closed-door gathering. Only about a dozen lawmakers showed up to defend their favored tax provisions.
The committee is expected to issue its recommendations for extenders in May — for example, which provisions should be made permanent or eliminated. Staffers on both sides of the aisle are working closely with the Joint Committee on Taxation (JCT) to get a score for the provisions.
One thing to keep an eye on is whether lawmakers will offset the extenders that they want to make permanent. The Ways and Means Subcommittee on Tax Policy may also hold another hearing before making any final decisions.