House tax writers are preparing a slew of bills to revive lapsed tax incentives, after getting urged on by Ways and Means Chairman Dave Camp (R-Mich.).
Camp, who announced his retirement this week, previously had asked his GOP colleagues to hold off on more targeted tax bills, so the Ways and Means panel could devote its full attention to his longstanding goal of rewriting the code.
But with that goal out of reach this year and his broad draft overhaul already released, Camp is now trying to cement his tax legacy by moving the ball forward on reform, seeking to either dump dozens of temporary tax breaks for good or extend them long-term.
That also gives more rank-and-file members a chance to make the case for their favored preferences – but also to curry favor with voters back home.
“I’m fine if members have items they want to highlight by introducing. Now’s the time,” Camp said. “This is the beginning of a process that’s going to extend through the spring and summer.”
Camp is ramping up his examination of the so-called tax extenders just as the Senate Finance Committee cleared a package that extended all but a handful of the more than 50 temporary tax breaks that expired at the end of 2013.