Page 117 of the Treasury Department's recently-released Green Book explains the Administration's proposal to eliminate the deduction under § 162 for punitive damages. For criticism of the proposal, see:
- Ted Frank, Trial Lawyer Earmarks: Ending Deductions for Punitive Damage Payments (Overlawyered)
- Walter Olson, Ending Deductibility of Punitive Damages (Point of Law)



