Grassley continues defense of tax bill

Though critics have noted the biggest potential tax cuts for middle income earners will expire by 2025, Iowa’s senior senator said he has confidence the reductions will become permanent.
To back up his comments, made during a brief telephone call with The Graphic-Advocate and another Iowa news outlet, Republican Sen. Charles Grassley said he just needed to look at congressional history.
“Under the rules we’re operating under, reconciliation, unless you’ve got 60 votes, you can’t pass a tax bill for more than 10 years,” Grassley said Dec. 18. “We did the same thing in 2001.”
Congress made permanent a number of the tax bill changes before the 2011 sunset date on those changes, Grassley said.
Read more in the Dec. 27 edition.