February 5th, 2013
08:12 AM ET
10 years ago
Tax breaks: Where big money is
New York (CNNMoney) - If Congress and President Obama are ever going to get serious about tax reform, they will have to rethink some of the biggest and most popular tax breaks.
It won't be easy.
FULL STORY
From CNN Politics
- Supreme Court rearranges its seating chart as Jackson takes the bench
- Want To Travel Practically Free? Get This Card
- Food stamps benefits to jump 12.5% starting in October due to inflation
- Untitled
- Hurricane-slammed Florida election offices scramble to meet Thursday deadline to send vote-by-mail ballots
- Biden reestablishes arts committee that was dissolved over Trump's handling of Charlottesville
If one were strictly speaking of a tax code which raised revenue for the running of the government only, it would be relatively simple. Our tax code, however, is also used as a reward and punishment system. It has its tentacles threaded through social engineering. It is a political tool for winning and/or osing votes. Therefore, when one speaks of 'fixing' it, it becomes more than a concern for dollars and cents but, instead, who winners and losers will be and how different groups will be impacted, which desired behaviors may be reduced and which behaviors hoped would be reduced may be rewarded. So, to read 'Tax breaks' is rather humorous. What about our tax system really gives anyone a break?
Only time yuo hear about 'tax breaks' is when someone wants to take MORE. LOL
Exactly what ROmney was proposing and the administration ridiculed the idea with venom.
What about the tax break is it a good thing or bad thing, is the tax break helping the people or hurting the people.
Tax breaks to middle class. Everything is possible if you stick your butts to work.
The IRS should immediately stop collection of taxes and relieve any Amercian citizens of their debt if we are going to continue supporting illegals and drafting an amnesty plan. Simply put, it is theft by the government that is clearly not of the people. Outrageous!
How can you think of laying off 46,000 temporary workers to cause such suffering when there are billions of dollars
in other areas?