It was the 14th Obama-era rule killed by Congress under the once-obscure Congressional Review Act, which allows lawmakers to repeal newly minted regulations and forbids agencies from enacting similar rules in the future.
“The key to tax reform is there will be winners, and there will be losers. Some industries will end up worse off; some industries will end up better off. You want to keep an eye as this process goes forward,” says Andy Friedman, The Washington...