Time is running out for certain tax breaks

Time is running out for certain tax breaks

With the mid-term elections coming to a close with the run-off election for the Georgia Senate seat, Congress turns its attention to some must-pass bills before the end of the year. First, funding for the federal government expires on December 16, requiring Congress to pass an omnibus spending bill or continuing resolution. Additionally, lawmakers must

Lame-duck Congress may act on tax provisions, funding bills

Lame-duck Congress may act on tax provisions, funding bills

While some lawmakers are honing the agenda for the new Republican-controlled Congress in January, the current lame-duck session will likely act on several bills before the end of the year. In a reversal of power, Republicans seized the control of the Senate in the mid-term elections, winning eight seats for a majority of 53. Seats