IRS in Crosshairs as Republicans Take Charge of Ways and Means

Renewing tax breaks and reining in the IRS are top priorities for Republicans on the House Ways and Means Committee, with several members vying to replace retiring ranking member Kevin Brady (R-Texas).

With Republicans in control, the committee will likely shift to extending expiring or expired provisions of the 2017 tax law, like a corporate tax break on research and development amortization. Extending some of the tax provisions that expired last year or are scheduled to expire in the next few years, if not addressed in the lame-duck session, could be areas where the two parties can find compromise.

Wary ...