is in recess. The
, having failed to advance energy efficiency legislation, will spend the week working on tax extenders. The
will take up Senate Finance Committee Chairman Ron Wyden's tax-extenders legislation after passing it out of committee last month, and just days after the
passed a bill to make the so-called R&D tax credit permanent. The
are pursuing different approaches to tax extenders, with the Senate putting dozens of the provisions into one bill, while the House follows a more piecemeal strategy. The Senate's Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act would cut government revenues by $81.3 billion over 10 years and increase deficits by $84.1 billion, according to Congressional Budget Office estimates. It would extend several dozen provisions through December 2015.
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