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Scary Pockets and Pomplamoose Do Hall and Oates: You Make My Dreams

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Yeah Sure WhatEVs2/26/2018 7:02:28 am PST

Is anyone surprised?

Republicans want to make fixes, but Democrats aren’t rushing to help them.

The glitches in the new tax law are starting to pile up.

“This is not normal,” said Marty Sullivan, chief economist at the nonpartisan Tax Analysts. “There’s always this kind of stuff, but the order of magnitude is entirely different.”

Some Democrats say they will want to widely reopen the law, as part of any effort to clean up the legislative miscues.

“We’re not going to say to Republicans, ‘Oh tell us what you want to do,” said Sen. Sherrod Brown (D-Ohio), who sits on the tax-writing Finance Committee. “We want to make the bill better, not just correct whatever technical fix is needed.”


For now, Republicans say they are collecting examples of things that need to be corrected.

Some of the glitches are simple drafting errors. Others would have unintended consequences. Still others are things in the law that aren’t clear.

One snafu, which could potentially affect President Donald Trump’s real estate business, prevents people making various types of improvements to non-residential real estate from immediately deducting their entire cost, as lawmakers intended. An apparent typo means they have to instead take those breaks piecemeal over the next 39 years.

That is already squeezing some companies’ finances, said Rachelle Bernstein, tax counsel at the National Retail Federation. “There are real economic implications right now,” she said.

This is why you take time drafting laws, you morons.