If you create a very large tax benefit to being able to declare your income in a certain favored form, you are going to create a lot of people all along the scrupulousness dimension.
Ron Wyden
The Public Record
Ron Wyden is an American politician serving as the senior United States senator from Oregon, a position he has held since 1996. A member of the Democratic Party, Wyden has been a prominent advocate for civil liberties, healthcare reform, and technology policy. Throughout his tenure, he has focused on issues such as privacy rights, government surveillance, and access to healthcare, often emphasizing the importance of transparency and accountability in government actions.
The President's proposal to create a special pass-through business income rate, which strikes me as a giant tax giveaway for the top 1 percent, masquerading under the guise of helping small businesses.
It is time for the Congress to take the lies out of the corporate tax rate in America.
I believe that this is an abomination. It is an abomination of the process, it is an abomination of the substance, and it is an abomination of the history of this storied committee.
There is a blueprint for bipartisan, comprehensive tax reform that works. It's Reagan-style tax reform, and it's not what Republicans are working on today.
This morning the Finance Committee is going to spend a few hours spinning its wheels while the actual framework of the Republican tax plan is being written behind closed doors.
The actual architecture of the plan in the works doesn't reduce complexity or focus on the middle class--the Republican plan endows future generations of the mega-wealthy.
Just yesterday the President said, 'Look, I am not going to give big tax breaks to the wealthy.' But as I have pointed out today, Ms. Batchelder has pointed out today, the outline as of today creates a new enormous loophole for the…
The President declared to the Nation that his tax plan would not give any breaks to the wealthy. But the fact is, his one-page tax outline has a new, lunar crater-sized loophole for the wealthy allowing them to abuse pass-through status.