July 15,2010

Finance Committee Republicans Seek Mark-up of Extension of Expiring 2001, 2003 Tax Relief

WASHINGTON – Sen. Chuck Grassley, ranking member of the Committee on Finance, joined by Senate Republican Whip Jon Kyl and all other committee Republicans, is asking the chairman to schedule a mark-up of an extension of current individual tax rates, which will expire in less than six months without legislative action.  The senators wrote to Sen. Max Baucus, chairman, urging a mark-up as soon as possible to bring some certainty of continued tax relief in a struggling economy.

The request follows a committee hearing on the tax provisions earlier this week.  The text of the senators’ letter is available here.