WASHINGTON, April 22 -- Sen. Elizabeth Warren issued the following press release:
U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and Senator Ron Wyden (D-Ore.), Ranking Member of the Senate Finance Committee, led their colleagues in a letter to Treasury Secretary Scott Bessent and Assistant Secretary for Tax Policy Kenneth Kies, strongly opposing a new proposed rule that removes a Biden-era reporting requirement for related-party partnership transactions. The rule, entitled "Removal of Final Regulations Identifying Certain Partnership Related-Party Basis Adjustment Transactions as Transactions of Interest," would enable tax dodging by some of the wealthiest Americans by neutralizing one of the few remain...