Congress Gives Up On Paying For Extenders...And That's Fine

Nothing is certain in Washington, of course, but it appears that congressional leaders are on the verge of a major deal that would at least partially relieve the annual burden of passing so-called tax extenders. A massive proposal that would permanently extend the research credit, the expanded EITC, and section 179 expensing is in the works. But nothing is free in Washington either. Some organizations are decrying the $700 billion price tag and calling the potential compromise irresponsible. While laudable, this criticism misses the mark.