Ron Wyden: “The outgoing administration was big on corporate tax giveaways, and it increased incentives to ship jobs overseas…”

Turning the 1040 into an immigration tracker actively sabotages voluntary tax compliance and undermines the IRS’s core tax collection responsibilities.

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.

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.