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Senate Approves Tax Extenders Bill

The Senate on March 10 approved by a 62 to 36 margin legislation (The American Workers, State and Business Relief Act, HR 4213) that would extend through 2010 approximately $30 billion worth of expired tax provisions and increased unemployment and COBRA benefits. The measure now heads to the House, where House Ways and Means Chairman Sander M. Levin, D-Mich. said he may call for a conference to resolve differences between the two chambers' bills. The House passed an extenders bill on Dec. 9, 2009 (TAXDAY, 2009/12/10, C.1).

Senate Focuses on Extending Expired Tax Provisions and Credits - Tax Extenders Bill of 2009

The Senate on March 1 turned to renewing approximately $30 billion worth of expired tax provisions as Senate Finance Committee Chairman Max Baucus, D-Mont., and Senate Majority Leader Harry Reid, D-Nev., offered a substitute amendment to the Tax Extenders Bill of 2009 (HR 4213), which was approved by the House on December 9 (TAXDAY, 2009/12/10, C.1).

Senate Approves $15-Billion Jobs Package; Tax Incentives Extended

The Senate on February 24 approved, by a 70-to-28 margin, a $15-billion jobs package that Democrats hope will be the first of several successful job-related measures to pass over the next several months. Thirteen Republicans joined Democrats in voting for the bill and Senate Majority Leader Harry Reid, D-Nev., plans to soon release a second jobs-related package that would extend several expiring tax breaks favored by small businesses.

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