Senate Leaders Table Extenders Bill After Third Cloture Attempt Fails

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Senate Majority Leader Reid says he will table the tax extenders bill (H.R. 4213) after a third attempt to limit debate and advance the bill to a final vote fails. The 57-41 vote comes despite fresh attempts from Senate Democrats to win the support of key Republicans by easing some of the new tax increases in the legislation. The effort to pass the tax extenders bill included several minor changes to ease technical concerns about how the bill would tax investment fund managers receiving carried interest. With the extenders bill sidelined, Reid announces he will move to a small business bill, which Finance Committee Chairman Baucus says will include a one-year extension of the bonus depreciation provision that expired at the end of 2009.