A bill that would have made permanent three charitable tax extenders fell short of the needed votes to allow a floor vote in the House last Thursday. The motion had the support of all Republican representatives, except the five that did not vote, and 47 Democratic representatives, falling short of the two-thirds vote in favor needed to pass the motion. Opponents of the bill expressed concern over how the costs would be balanced out if the bill was passed.
See, House Democrats Block Permanent Charitable Extenders Bill, Charitable Planning, Dec. 12, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
