On the recordMarch 24, 2021
That report found that the Trump tax law slashed the average U.S. tax rate paid by the biggest mega-corporations by more than half.
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congress.govThat report found that the Trump tax law slashed the average U.S. tax rate paid by the biggest mega-corporations by more than half.
Wyden highlights the significant tax cuts for large corporations under the Trump tax law.
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More from Ron Wyden
This is another desperate attempt by a failed president to escape Americans’ revulsion with his failed agenda, amounting to one tank of Trump-inflated gas.
This throws doubt upon Treasury’s interpretation of many provisions of the Code, creates a great deal of uncertainty in the administration of our tax laws, and could balloon the deficit.
This interpretation is wildly inconsistent with the longstanding treatment of other provisions that use identical or near-identical language.