On the recordJuly 17, 2017
Requiring businesses that have operated using the cash method since their inception to suddenly pay tax on money they have not yet collected, and may never collect, is an effective tax increase.
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congress.govEditor's note · Context
John Thune criticizes tax increases on businesses using cash accounting.
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I hope it doesn’t last through Thanksgiving, because that’s going to be a lot of harm to the American people and obviously a lot of harm to federal workers.
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