Dems push craft beer tax break renewal, and more in bill headed for markup

almost 5 years in Roll Call

The House Ways and Means Committee announced its long-awaited markup of tax legislation with more than 50 provisions, including expansions of tax credits for lower-income workers and families with children and renewals of expired tax breaks for disparate interests ranging from biodiesel blenders to craft beer producers.

Legislation that would beef up the refundable portions of the Earned Income Tax Credit and Child Tax Credit for 2018 and 2019 also includes a repeal of the so-called ″church parking tax,″ that left some nonprofits paying taxes on transportation-related fringe benefits for their employees as part of a change made by the 2017 tax overhaul. Those and other changes in the bill would cost a total of $102.5 billion over a decade, according to the Joint Committee on Taxation, with no offsetting revenue increases or spending cuts.

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