For some time I've talked about the two-tiered tax system in America: one for firefighters, nurses, and teachers, whose taxes come straight out of their paychecks; another for billionaires and high-flyers, who to a great extent can pay what they want and when they want.
Wyden highlights the disparity in the tax system between average workers and the wealthy.
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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.
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.
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