Ron Wyden: “Eventually, this tax cut will have to get paid for, and there is real risk that, when that happens, it will be low- to…”

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

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.

These unsung heroes deserve recognition for their tireless efforts to keep our communities safe and healthy, and I’m honored to be leading this effort in Congress.

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