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Ways and Means confirms they wrote a loophole for owners (like Trump!) in state/local ded limit but JCT says "???" medium.com/@kamin_83016/a…
Ways and Means in statement confirmed that they intend for there to be a loophole for biz owners/investors allowing them to take the ded.
But then JCT's Tom Barthold at the very same time appeared to contradict Ways and Means staff in his testimony saying no loophole.
Overhauling the tax code. Days away from voting this out of committee. And can't get their stories straight on one of largest rev raisers.
1. This is no way of doing business. 2. Ways and Means has made intent clear (there's a loophole!). 3. Is JCT over-estimating rev as result?
