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noeire's avatar

Outstanding piece: thorough, clear -- esp. last 3 para. Thank you.

Patricia Jaeger's avatar

When Democrats control the House and the Senate they may want to consider modifying statutes, and creating new statutes that follow the example of the Internal Revenue Code (IRC). For example, IRC §1502 authorizes the Treasury Secretary to prescribe regulations for the filing of consolidated corporate tax returns. All of the rules to do this are pretty much in the regulations, not in the couple of statutes governing these returns. Taxpayers can contest the specifics in a regulation, but they have an uphill battle in the courts.

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