Senate tax reform groups get more time

The Senate Finance Committee's leaders are giving tax reform working groups some more time to formulate their recommendations.

Finance Chairman Orrin HatchOrrin HatchMedicare trust fund running out of money fast Long past time to fix evidence-sharing across borders Overnight Tech: Facebook's Sandberg comes to Washington | Senate faces new surveillance fight | Warren enters privacy debate MORE (R-Utah) and the panel's top Democrat, Sen. Ron WydenRon WydenRepublican chairman: Our tax reform plan fits with Trump's vision Post Orlando, hawks make a power play Democrats seize spotlight with sit-in on guns MORE (Ore.), had hoped for recommendations by the end of May. 

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But in a statement Thursday, the two senators said that the working groups made it clear that they needed extra time to do the job right. The panel will set a new deadline after lawmakers return from next week's recess.

"It is our hope these bipartisan working groups will use this extended time to finalize their recommendations for tax reform and produce in-depth analyses of options and potential legislative solutions," Wyden and Hatch said in a statement.

The Finance Committee set up five separate working groups in January to deal with the wide range of knotty problems that come with revamping the tax code. The working groups are focusing on individual taxes, business taxes, savings and investment, infrastructure and international issues.

Some of the leaders of those working groups have said they've found a fair amount of common ground, including Sens. Rob PortmanRob PortmanGun-control supporters plan next steps versus NRA McConnell quashes Senate effort on guns Poll: Burr narrowly leads Democrat in NC Senate race MORE (R-Ohio) and Charles SchumerCharles SchumerGun-control supporters plan next steps versus NRA This week: Senate showdown over gun control Dems push vulnerable GOP senators on gun control MORE (D-N.Y.), who were dealing with the international system for businesses.

Even so, senior members of the committee like Sen. John ThuneJohn ThuneRepublicans question Trump's trip to Scotland Short-term FAA bill would likely extend into next year, GOP chairman says Civil liberties group mobilizes against surveillance amendment MORE (R-S.D.) have said they remain deeply skeptical that Congress will be able to sign off on a tax reform package this year.