Ron Wyden: “Apparently, if he does not get what he wants, he is willing to let this country go through a catastrophic default.”

The White House should make MITRE’s findings public as soon as possible.

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

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

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.