loophole

In prior California ballot initiatives, Steyer successfully supported efforts to close a corporate tax loophole and to raise tobacco taxes, and fought oil-industry-backed efforts to roll back environmental law.

Visa has warned that the loophole runs afoul of the company’s rules.

Over the summer, the administration closed a loophole that allowed some cheap goods, such as Washburn’s capris, to enter the country tariff-free.

But a more significant thing has occurred: Since 1990, Congress hasn’t enacted a single provision to close loopholes in the estate tax.

When oil refineries evaded pollution caps through what organizers called a “gaping loophole” in Environmental Protection Agency policy, Marquez and others sued, overturning the policy and successfully curtailing pollution spikes at California plants.