Ron Wyden: “It is really important for States to have the certainty right now so that they can plan appropriately.”

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

What I'm committed to doing is getting both of these over the finish line.

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.