On the recordFebruary 15, 2023
It's awfully hard to compete with slave labor.
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congress.govIt's awfully hard to compete with slave labor.
Wyden highlights the unfair competition posed by forced labor in China.
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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.
This interpretation is wildly inconsistent with the longstanding treatment of other provisions that use identical or near-identical language.
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