Jorge Castro, former Counselor to the IRS Commissioner and former Congressional tax counsel, commented on the recent failure of a $78 billion tax bill in the Senate (H.R. 7024, the Tax Relief for American Families and Workers Act) and the outlook for the Employee Retention Credit (ERC). H.R. 7024 includes a revenue-raising proposal that would end the ERC program early and enhance the IRS's enforcement measures relating to the covid credit. Senate Republicans blocked the bill over concerns unrelated to the ERC. Despite H.R. 7024 not passing the Senate last week, there may be future opportunities for Congress to revisit the ERC provisions later in the year. "Members of Congress are going to be hard-pressed to just let go of a prominent and sizable revenue raiser," Castro said. "That's a discussion that you're likely to see continued through the fall."