Kent Conrad: “My amendment would have replaced the provision shifting corporate estimated tax receipts with an extension of IRS and…”

“My amendment would have replaced the provision shifting corporate estimated tax receipts with an extension of IRS and Customs User fees, and with several tax loophole closers that are included in S. 1637, the JOBS Act. These measures have already been reported by the Senate Finance Committee. I thank the Senator from Iowa for trying to include our amendments in his package of technical tax measures. Unfortunately, because certain provisions of my amendment are considered non-germane, we were unable to consider it on the floor today. I hope that the chairman and ranking member of the Committee will continue working with me as the legislative process moves forward to address my concerns.”