Ron Wyden: “Do not get rid of them. Do not divest them.”

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.

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

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.