So Congress specifically set themselves up for having to amend this law about 6 months from how. If there is some smart logic to that it escapes me. The revenue loss is not particularly predictable anyway so measuring the fiscal impact is pretty vague, so having to limit that seems odd.
Extending any kind of tax relief is expensive. I imagine extending these provisions only through the end of 2026 is at least partly driven by the cost of the bill.
But it occurs to me also that if there is a need for more disaster relief down the road, it's an easy source of brownie points for anyone who votes for it, an opportunity that would not arise if relief was already in place.
So Congress specifically set themselves up for having to amend this law about 6 months from how. If there is some smart logic to that it escapes me. The revenue loss is not particularly predictable anyway so measuring the fiscal impact is pretty vague, so having to limit that seems odd.
Extending any kind of tax relief is expensive. I imagine extending these provisions only through the end of 2026 is at least partly driven by the cost of the bill.
But it occurs to me also that if there is a need for more disaster relief down the road, it's an easy source of brownie points for anyone who votes for it, an opportunity that would not arise if relief was already in place.