On the recordMarch 12, 2014
The President has proposed and Marco Rubio has talked about this as bipartisan support for the idea of increasing the Earned Income Tax Credit for people without children.
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congress.govThe President has proposed and Marco Rubio has talked about this as bipartisan support for the idea of increasing the Earned Income Tax Credit for people without children.
Wyden highlights bipartisan efforts to expand the Earned Income Tax Credit.
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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.
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This interpretation is wildly inconsistent with the longstanding treatment of other provisions that use identical or near-identical language.