Tax Reform Losers From Biofuels to Coal to Get Second Chance
- Billions in breaks for energy sought in ‘tax extenders’ bill
- Lobbyists are seeking new credits for coal, nuclear plants
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Energy lobbyists, who failed to get a range of expired breaks for biofuels to coal-fired power plants into the $1.5 trillion tax overhaul bill making its way through Congress, may get a second chance before the end of the year.
The Senate plans to act on a slate of expired tax credits before month’s end, according to John Thune, the Senate’s No. 3 ranking Republican who serves on the Finance Committee. Lobbyists have been told the package of "tax extenders" -- renewing tens of billions of dollars in expired tax incentives -- could be hitched to must-pass government funding legislation expected in coming weeks.