Preserving Priorities

Senate Democrats prefer an extension through 2015 as the fallback plan, preserving their priorities even after Republicans take control of the Senate next year.

The negotiators don’t have much time to act. Congress returns Dec. 1 to wrap up its post-election session, and House leaders want to finish the year’s work by Dec. 11.

IRS Commissioner John Koskinen has warned that waiting until December could cause delays of tax refunds next year.

That puts pressure on lawmakers to reach a deal or accept an alternate plan next week to give it enough time to work through the legislative process.

“There’s no specific time,” Camp said, “but it is looming out there.”

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