11,973. 12/6/2017

GOP/TAXES: “Republicans’ tax-rewrite plans are riddled with bugs, loopholes and other potential problems that could plague lawmakers long after their legislation is signed into law…
In many cases, Republicans are giving taxpayers little time to adjust to sometimes major changes in policy. An entirely new international tax regime, one experts are still trying to parse, would go into effect Jan. 1, only days after lawmakers hope to push the plan through Congress…
Part of writing any tax legislation, tax veterans say, is trying to anticipate how clever tax lawyers might game a proposal, how seemingly disparate sections of the code might interact in unexpected ways and how to address taxpayers’ sometimes unusual circumstances.
It’s not possible for lawmakers to foresee every eventuality, and it’s hardly unusual for there to be mistakes Congress later corrects.”

-Brian Faler, “‘Holy crap’: Experts find tax plan riddled with glitches,” Politico, Dec. 6, 2017 05:04am

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