Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

cthulu2016

(10,960 posts)
15. Ahhhh... see what you said there?
Tue Dec 27, 2011, 07:27 PM
Dec 2011

"I think the bill does exempt Americans within the US but does not exempt them outside the US."

This is why the conflict over this bill has been bitter. I know exactly what you are saying and am not criticizing, just making a point about the ongoing argument.

The bill does not exempt Americans at home from the 1031 provisions.

But one can reasonably say, "I think Americans within the US but not outside the US are exempt from this bill."

It's a subtle distinction, but if Americans are exempt it is because they were already exempt and the bill says it doesn't change the current state of the law.

When folks have said, "This bill exempts..." it has lead to calumny and strife when others point out that is not true. The bill itself does not, but the overall scheme may have that effect.

In that sense both sides are right. Or, to a pessimist, both wrong.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»"Where in This Bill ...»Reply #15