Is there any reason why the principles of tax reform that were pursued in 1986 would not be once again an engine for job growth?
Ron Wyden: “Is there any reason why the principles of tax reform that were pursued in 1986 would not be once again an engine for job…”
Editor's note · Context
Wyden questions the potential of 1986 tax reform principles to drive job growth.
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This interpretation is wildly inconsistent with the longstanding treatment of other provisions that use identical or near-identical language.
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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.





