Speaker of the House Unsure if Cost of Tax Extenders Should be - TopicsExpress

Speaker of the House Unsure if Cost of Tax Extenders Should be Paid For House Speaker Boehner (R-OH) told reporters last week that he is unsure if the tax extenders should face the same requirements for revenues offsets that he has demanded as part of an extension of unemployment insurance. When asked if tax extenders should be paid for, the Speaker’s response was I don’t know what the history of that is. Rep. Boehner indicated that House Republicans remain committed to a tax reform plan that closes loopholes, lowers rates and gets rid of unnecessary deductions. He indicated that this is one major item that will be addressed by Republican lawmakers during a legislative retreat later this month. According to Congressional Budget Office estimates, the cost of renewing all the tax extenders scheduled to expire over the next 10 years is nearly $1 trillion.

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