Patrick Toomey actually said...

It is my view that the Treasury has the authority to redefine cost to include the real cost adjusted for inflation.

The tax code is unique in that Congress has provided broad regulatory authority in section 7805, which has existed for decades.

I hope we can have bipartisan cooperation to fix both the qualified improvement property issue and a net operating loss issue.

I trust my colleagues on both sides of the aisle, however you felt about the tax reform, would not want to visit this honest mistake upon a ...