Ron Wyden: “I strongly support efforts to extend this exemption period from 9 years to 13, ensuring parity between small molecules…”

The proposed rule is clear regulatory overreach that would have disastrous impacts for lawfully present immigrants and their families who are legally eligible for refundable tax credits.

What I'm committed to doing is getting both of these over the finish line.

This interpretation is wildly inconsistent with the longstanding treatment of other provisions that use identical or near-identical language.

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.