Wyden Proposes Anti-Deferral Accounting Rules Changes

U.S. Senate

U.S. Senate Finance Committee

New anti-deferral rules would be applied to the top 1 percent of taxpayers while ordinary and capital gains tax treatment would be equalized to raise revenue for Social Security solvency without increasing middle-income taxes, according to a proposal released by Senate Finance Committee ranking minority member Ron Wyden, D-Ore.

<p>New anti-deferral rules would be applied to the top 1 percent of taxpayers while ordinary and capital gains tax treatment would be equalized to raise revenue for Social Security solvency without increasing middle-income taxes, according to a proposal released by Senate Finance Committee ranking minority member Ron Wyden, D-Ore.</p>