Daily Tax Update - January 26, 2012: Republicans Oppose Including Extenders In Payroll Tax Conference

REPUBLICANS OPPOSE INCLUDING EXTENDERS IN PAYROLL TAX CONFERENCE COMMITTEE:  A proposal by Democrats to include the expired tax extenders in the payroll tax conference committee was met with opposition by Republicans yesterday.  Rep. Dave Camp, House Ways and Means Chairman and co-chairman of the conference committee, said that he does not support including the extenders with the payroll tax cut extension.  Camp said, "I think that we need to stay within the scope of conference at this time and resolve the issues that are before the conference before we bring new issues forward."

  • Another conferee, Rep. Tom Price, added that Republicans would try to prevent the extenders from being included within the scope of the conference.  Price said, "Without a change in the rules or an acceptance of everybody, you can’t move beyond what’s in the House bill, from a parliamentary standpoint.  Things that aren’t in the House bill can’t even be brought to the table to be discussed unless there’s an agreement by all."

INTERNAL REVENUE SERVICE - CIRCULAR 230 DISCLOSURE:
As provided for in Treasury regulations, advice (if any) relating to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any plan or arrangement addressed herein.

STEPTOE & JOHNSON LLP - TAX PRACTICE
Steptoe & Johnson LLP has one of the largest and most diverse law firm tax practices in the country. The practice covers the entire spectrum of federal taxation, including representation of businesses before the Congress, Treasury and the national office of the IRS; transactional planning for domestic and multinational corporations; complex audit and controversy work for corporations and other business interests contesting IRS adjustments; litigation before the Tax Court, Court of Federal Claims, district courts, courts of appeals and the Supreme Court. The firm's tax practice also encompasses all aspects of employee benefits (ERISA), executive compensation, tax-exempt organizations and charitable giving. Steptoe has an extensive state and local tax practice, representing an array of business clients on complex sales and use tax, corporate income tax and property tax matters, both advising those clients and handling audits, administrative appeals, and litigation for them. Read more information on Steptoe's tax practice.