Loopholes could come back to haunt taxpayers, collectors
“Slow down” is the last thing that supporters of the Republicans’ proposed tax overhaul want to hear. “My donors are basically saying get it done or don’t ever call me again,” Rep. Chris Collins, R-Clarence, said this past week.
But the rush to “get it done” – particularly on the business side, where the most sweeping changes are planned – is alarming tax specialists who warn that new and unforeseen complexity, loopholes and glitches could come back to haunt tax collectors and taxpayers.
“All of this is happening in an incredible rush, and frankly it’s absurd and incredibly poor governing to