A possible budget compromise

posted by
June 28, 2011
by David Friedman  
Posted in Commentary

"[I]f there is going to be a compromise involving increasing taxes and decreasing expenditure, I think the right way to do it would be to make the 'tax increases' take the form of reductions in tax expenditures, the elimination of features of the tax code whose only purpose is to subsidize one or another activity, and which distort economic decision making in the same way as other subsidies do." (06/27/11)


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