The Senate Finance Committee approved a long list of tax extensions that included key provisions for the biofuels industry as well as the wind industry.
The bill is called the Expiring Provisions Improvement Reform and Efficiency Act, or "EXPIRE." I swear there must be an entire training class for congressional staffers on the art of crafting acronyms. EXPIRE passed the committee on a voice vote.
Senate Finance Committee Chairman Ron Wyden, D-Ore., said the bill should help deal with the stop-and-go nature of tax extensions in recent history, though he also acknowledged the need for a comprehensive tax-reform plan.