U.S. Senator Sends Letter to President Obama Requesting Executive Action on 6 Tax "Loopholes"

U.S. Senator Bernie Sanders, the ranking member of the US Senate Budget Committee has sent a letter to President Obama requesting executive action to eliminate 6 tax "loopholes." According to Senator Sanders, the loopholes can be eliminated through direct executive action or through specific provisions authorizing the Treasury Department to issue regulations countering the loopholes. The estimated positive revenue impact over 10 years is over USD 100 billion.

The 6 loopholes as set out in the…