Tax writers debate what breaks should be saved Staff
Posted: Nov 26, 2013 9:50 AM
Senior congressional tax writers are beginning to draw their own lines for tax reform now that legislation is taking shape on Capitol Hill. Two leading senators — John Thune (R-S.D.) and Ron Wyden (D-Ore.) — are lobbying their colleagues to leave the deduction for charitable contributions untouched. Other tax writers have expressed their desire to maintain preferences for home ownership, like the mortgage interest deduction. And lawmakers from energy-rich states, like Rep. Kevin Brady (R-Texas), are looking to ensure that robust incentives remain for the oil-and-gas industry.