Reid Urges Action on Tax Extenders

Posted September 18, 2008 at 1:08pm

Senate Majority Leader Harry Reid (D-Nev.) on Thursday afternoon reiterated his desire to pass the tax-extenders package as soon as possible, as the planned Sept. 26 adjournment draws near.

Asked what was holding up passage of the extenders bill, Reid said he was unaware of a specific obstacle, but that he hoped any difficulties can be resolved soon

“I don’t know what the holdup is. I do not know,” he said.

Reid said he and Minority Leader Mitch McConnell (R-Ky.) have an agreement on the tax package that offers incentives for investments in renewable energy as well as assistance for homeowners in Midwestern states that were hit by storms earlier in the year.

In the wake of the recent hurricane damage to the Gulf Coast, Sen. John Cornyn has sought to secure greater assistance for taxpayers in his state. A spokesman for Cornyn said he was unaware if the Texas Republican’s request was the final dispute holding up movement on the extenders package.