Yes, we believe that Treasury will have authority to issue regulations dealing with potential issues with the ordering of the calculation of the credit under section 53 and the tax under section 59A. Regulations such as these would be in line with our intent in drafting the BEAT interaction provisions in the corporate alternative minimum tax.
Share & report
More from Ron Wyden
Madam President, once again, Senator Sullivan is out here saying that he is for protecting vulnerable people, but by not defining the vulnerable, the Sullivan amendment is code for States to cut benefits or kick people off their coverage…
Thank you, Mr. President. Senators, the devastating economic news we got this morning should be enough for Senators to vote yes tonight. The only winner from the tariffs is China, which is scooping up markets and allies Donald Trump has…
Senate Republicans would pay for those new corporate tax breaks by making even deeper cuts to Medicaid, slashing funding for rural hospitals and other essential health care providers and throwing cash-strapped states off a funding cliff.
Other voices in this conversation
