Ron Wyden: “I am looking forward to working with Secretary Yellen on all these issues, and more.”

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.

These unsung heroes deserve recognition for their tireless efforts to keep our communities safe and healthy, and I’m honored to be leading this effort in Congress.

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.