The President declared to the Nation that his tax plan would not give any breaks to the wealthy. But the fact is, his one-page tax outline has a new, lunar crater-sized loophole for the wealthy allowing them to abuse pass-through status.
Wyden points out the tax plan's loopholes benefiting the wealthy.
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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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