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Senate Finance Staff Urge Chris Klomp Tax Amendments

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Story summary
  • Democratic Senate Finance staff said nominee Chris Klomp should amend his 2022-2024 returns and pay the avoided self-employment tax.
  • Staff alleged Klomp claimed non-passive losses while avoiding self-employment tax on Endurance Companies.
  • The memo said Klomp appears to be walking a factual tightrope regarding his activity level.
  • Klomp and Senate Finance Republicans have not indicated he will amend his returns.