Lame Duck Scenario in Capital
Because of partisan gridlock in Washington, D.C., the magnitude of important economic issues, like tax credits 25C and 45L, that will have to be dealt with in a lame duck session of Congress could be staggering.
The odds are that 25C, 45L and other expired credits will not be renewed until the lame duck session; however, more than a few House Republicans would like to see a tax extenders bill before the election. They believe it would be better to pass such a bill before Nov. 6 to allow more time in the lame duck session to address not only other tax issues that must be renewed, but also annual spending bills and budget sequestration, payments to Medicare-participating doctors, a transportation bill and the possible need for another debt-ceiling increase.
Craig Brightup is chief executive officer of Washington, D.C.-based The Brightup Group LLC, a government relations consulting firm. He has provided services for 15 different organizations since 2009, including the U.S. Chamber of Commerce and National Roofing Contractors Association.
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