Jack Lew’s Letter to Congress on Tax Inversions, Edited for Facts and Clarity

by Douglas Holtz-Eakin

Treasury Secretary Jack Lew waded into the “policy” discussion on inversions with a letter to Ways and Means Chairman Dave Camp (and other tax-writing leadership on the Hill). I found it to be full of misleading statements and mistakes, probably because the staff inadvertently sent an early draft. As a favor, I edited it for clarity of facts and intent.