Tax breaks shouldn’t be sacrosanct

posted by
August 25, 2011
Boston Globe
by Edward L. Glaeser  
Posted in Commentary, PND Commentary

"All six Republicans on the debt-reduction super committee have signed a no-new-taxes pledge, and that means the panel can only dig up extra revenues if some of those six decide that eliminating some tax breaks doesn’t count as raising taxes. But getting rid of ethanol subsidies, the low-income housing tax credit, and many other tax breaks ought to be an easy decision. Some tax breaks are really just government expenditures in disguise, and should be subject to the same scrutiny as any other spending program. Other tax breaks do let people keep more of the money they’ve earned, as antitax activists might prefer, but create a plethora of other problems." [editor's note: Equating ending corporatist special-interest tax breaks with "raising taxes" is like ... calling a dog a cat because he likes to nosh in the litter-box! (Sorry, I'm still trying to grasp the "logic" of part A.) - SAT] (08/25/11)  

Our Sponsors