Senate Bipartisan Leaders Push for Tax Extenders; GOP Seeks Review

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The bipartisan Senate leadership agree they should find a way to move forward on legislation addressing the expired and expiring tax extenders, but Republicans also call for a full examination of the provisions to see which can be eliminated from the law. The colloquy between Majority Leader Reid, Minority Leader McConnell, and Finance Chairman Baucus is entered into the Congressional Record but not read on the Senate floor. “Although we were unable to address the package of tax extenders as part of the transportation bill (S. 1813), I was encouraged by the level of senators' interest in extending these provisions in a timely fashion,” Reid says. Sens. Udall, Bennet, and Grassley propose legislation that would extend the production tax credit for wind energy, set to expire at the end of 2012, for another two years.