Congressional Outlook Post Easter Recess
Mercifully for those of us who live and work in Washington, D.C., both the House and Senate have decamped for a two-week break back in their home states.
So what do we expect when they return? Something on the order of “let the political games begin!” Absent a major ‘kumbaya’ moment –which gets further out of reach as each day passes and we get closer to election day on November 6th– Washington is going to resemble the “Hunger Games” without the bows and arrows.
When the Senate returns there will be a vote on the “Buffett Rule,” legislation designed to ensure that millionaires pay higher taxes. The good news is that as we have previously reported, the Buffett Rule maintains a charitable giving incentive (but even this seems to have limitations). The bad news is that with the possible exception of passing a highway bill and a few other items, we expect the next seven months in Washington to be all political gamesmanship, all the time.
We will keep you posted on developments and what they might mean for the lame duck session in the fall and beyond.