There are a lot of words on that page and none really jump out at me as explaining why C++ chose to have decltype yield something different for decltype(value) and decltype((value)). But I was unable to read them all, so maybe it is buried somewhere in there.
It provides a series of rules for exactly when decltype() picks a reference or non-reference type, but as far as I can see, it does not explain why the language chose to sometimes return references in some scenarios, such as for '(value)' vs 'value'.
Normally decltype(E) returns the type of the expression E. The type of the expressions *&value and value are both int& for instance. However they also wanted a way to query the type an identifier was declared with, eg int x would be int. For some reason they chose to expose this by overriding decltype(E) when E is a plain identifier. decltype((value)) avoids this special case and returns the type of the expression (value), which is obviously the same as the expression value.
If you wonder why:
https://open-std.org/JTC1/SC22/WG14/www/docs/n2927.htm#exist...