Business tax credits gaining traction in Congress

Business tax credits gaining traction in Congress

The tax extenders would benefit a wide variety of industries.

U.S. Sen. Ron Wyden, D-Ore., said after he took the reins of the Senate Finance Committee in February that renewing the tax breaks is a top priority. But he also made it clear that he wants this to be the last stopgap deal. He'd like Congress to work the provisions into a broader tax overhaul next year.

"We need this bill passed so that citizens and businesses alike have two years of greater certainty while we push ahead on an overhaul of the tax system," Wyden said via email last week. "I'm hopeful that we will see a floor vote soon."

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