Some other possible year-end tax breaks: a credit benefitting railroads, and tax relief for brewers, wine makers and distillers.
The usual year-end lobbying of Congress by industries for last-minute legislation to renew expiring tax cuts and subsidies is well under way in Washington.
“It is less a question of if it’s in a tax package than if a tax package will happen at all. If there is an agreement on tax, there is a very high likelihood the EV provision is included,” Carr added in an email to MarketWatch. The extension has been an issue in Washington throughout 2019, with some lawmakers backing it in the spring as they rolled out a bipartisan Driving America Forward Act, which has been folded into the GREEN Act.
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