Business Breaks, Child Credit Top Congress’s Tax To-Dos List

A time crunch looms for taxwriters seeking to mint a deal on a bipartisan tax package that could ride along on several pieces of legislation winding through Congress this year.

Leaders in the House Ways and Means and Senate Finance committees introduced bills setting their party’s tax priorities this spring before holding hearings to test their arguments. Now, with summer here, the bills serve as a rough starting point for the parties as lawmakers seek to pass legislation like the Federal Aviation Administration reauthorization, omnibus spending package, and a sequel US competitiveness bill.

House Republicans in June marked ...