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Senate Democrats gauging interest in bill to extend tax benefits to Taiwanese companies

2 1
10.12.2024

Senate Democrats are considering a bill to give tax breaks to Taiwanese companies, gauging interest in using a fast-track process to pass it into law.

The tax benefits for Taiwan were included as provisions in a bigger piece of tax legislation that passed the House by a wide margin earlier this year but failed to make it through the Senate over the summer.

An aide for the Senate Finance Committee told The Hill that the bill was being "hotlined," which means it could be passed by unanimous consent if no senator objects to it beforehand.

There have been “no decisions made yet........

© The Hill


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