Marc Gerson, former tax counsel to the U.S. House of Representatives Committee on Ways and Means, was quoted on the Coronavirus Aid, Relief, and Economic Security (CARES) Act's inclusion of a fix for the "retail glitch" included in the Tax Cuts and Jobs Act of 2017 (TCJA). Language in the TCJA inadvertently set the depreciation schedule for certain restaurant and retail businesses' qualified improvement property (QIP) to 39 years. The final version of the CARES Act classifies QIP as 15-year property, or 20-year property under an alternative depreciation system, making the property eligible to be written off immediately. While Democratic leaders had previously been hesitant to correct the error, "[t]he Senate bill now contains a lot of provisions requested by Democrats which could be viewed as part of the compromise that led to the retention of QIP in the final package," Gerson said.