Putting an Expiration Date on a Broken System
Senate Finance Committee Chairman Ron Wyden, D-Ore., led the Finance Committee to pass bipartisan legislation renewing a set of provisions known as “tax extenders” that have expired or will expire at the end of this year. The bill, the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act, was approved by bipartisan voice vote.
As its name suggests, passage of the EXPIRE Act puts an expiration date on the status quo that is America’s dysfunctional tax system and builds a bridge to comprehensive tax reform.
Chairman Wyden’s full statement can be viewed below and read here.