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The lame-duck period in particular could open a window for some compromise on tax extenders after a year of gridlock on the Wyden-Smith bill.

Schumer hopes tax impasse could break after recess

The Wyden-Smith tax bill is headed to the Senate floor Thursday for an almost certainly doomed cloture vote. But Senate Democrats say they'll look to break the impasse on taxes.

“I think if [Senate Republicans] block the bill, they’re going to feel a lot of pressure over the August recess,” Senate Majority Leader Chuck Schumer said at a news conference this afternoon. “And maybe they’ll come back to us and say, ‘Okay we’re willing to negotiate.’ That’s what we hope would happen.”

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Presented by Duke Energy

Every day at Duke Energy, we’re focused on keeping prices low and supporting growing energy needs across our footprint. From enabling modern energy infrastructure investments to accelerating technology advancements, our progress will not be slowed.

 

Get the full picture