If we have, Mr. Chairman and colleagues, the same debate in the lame duck session of 2012, where we are once again talking about extending the tax law today for two more years, Dr. Elmendorf has told us that will be damaging for the economy and the country.
Wyden warns against repeating temporary tax law debates that harm the economy.
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This is another desperate attempt by a failed president to escape Americans’ revulsion with his failed agenda, amounting to one tank of Trump-inflated gas.
Turning the 1040 into an immigration tracker actively sabotages voluntary tax compliance and undermines the IRS’s core tax collection responsibilities.
The proposed rule is clear regulatory overreach that would have disastrous impacts for lawfully present immigrants and their families who are legally eligible for refundable tax credits.
This interpretation is wildly inconsistent with the longstanding treatment of other provisions that use identical or near-identical language.
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