Ron Wyden: “I very much appreciated the fact that you have been in discussions with us about how you are going to be attacking that.”

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

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.

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