Ron Wyden: “The approach substantially increases the timber going to our mills.”

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

The White House should make MITRE’s findings public as soon as possible.

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.

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.