Wednesday, March 28, 2018

Tax law errors

It turns out that that tax “reform” jammed throughout Congress in less than two months with no hearings and changes made in pencil in the margins is full of errors.  Businesses, big and small, are discovering all sorts of problems.  They are asking for legislative help.

In fact, the U.S. Chamber of Commerce sent the Treasury Department 15 pages of detailed requests for clarifications.

If you were a Democrat in Congress, would you help?  Remember when the Democrats asked for help with the Health Care bill?  Did Republicans help?

Democrats, of course, are supposed to turn the other cheek.  Be noble.  Act like mature adults.

Screw that.


(An article earlier this month detailed all sorts of ambiguities and mistakes in the tax code.  There are so many.  See Jim Tankersley and Alan Rappeport, “Tax Law’s Errors Upset Employers as Leaders Feud:  A Rush Caused Mistakes,”  New York Times, (March 11, 2018), p. 1, 15.)

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