GSP Could Hitch a Ride on a Year-End Tax Bill
House Ways and Means Trade Subcommittee Chairman Adrian Smith, R-Neb., said in a hallway interview at the Capitol that he thinks there is momentum for an end-of-the-year tax bill to come together. He said he would like a renewal of the Generalized System of Preferences benefits program to get attached to such a bill. "I think there's bipartisan interest, and that's key," he said, but he said he's not predicting that it will happen.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
However, Senate Finance Committee Chairman Ron Wyden, D-Ore., one of the power players who has the most sway in whether there is or isn't a year-end-tax bill, did not predict one is on track. "I talked to the [Ways and Means] chairman over in the House during the break, we had a good conversation, but I don't want to get into any of the specifics."