U.S. Representative Lloyd Doggett (D-TX) published a release on 9 February 2017 announcing that all House Ways and Means Committee Democrats have joined together in urging their colleagues to oppose joint resolution H.J.Res.54, which would effectively repeal the debt-equity regulations introduced under section 385 in October 2016 to address corporate inversions and earnings stripping ({News-2017-02-06/P/3- previous coverage}). According to a letter from Doggett and the other Ways and Means Committee Democrats, "by moving to repeal Treasury’s anti-earnings stripping rules, Republicans in Congress will open the door to more companies renouncing their U.S. citizenship for tax purposes, while still reaping the...