The U.S. Congress is likely to try and “extend” several provisions of the Tax Cuts and Jobs Act (TCJA) due to expire Dec. 31, 2022. Extending certain tax items isn’t usually controversial, but party-line divisions and expiring TCJA provisions may make it tough to strike a deal this year. Democrats favor extending the expanded Child Tax Credit, while Republicans want to extend R&D expensing and the business interest expensing ramp-up. Compromise may be possible because neither party seems to want to wait until the next Congress. Extended tax provisions might be attached to must-pass legislation such as an omnibus spending bill or the National Defense Authorization Act.