Rep. Dave Camp. Photo: AP.

March 24 (Bloomberg) — The House Ways and Means Committee will begin debating which of 55 lapsed U.S. tax breaks should be extended permanently or dropped, potentially affecting a broader revamp of the tax code.

In a memo to committee members today, Chairman Dave Camp said the panel will look at the tax breaks starting in April, going “policy by policy.” The most significant benefits that expired Dec. 31 include the research and development tax credit used by companies such as Intel Corp. and a foreign tax provision used by Citigroup Inc. and Caterpillar Inc.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.