Originally Posted by patteeu
Tax reform should involved reducing rates and expanding the base by eliminating special tax breaks. But the goal should be economic growth, not increased progressivity or punishing business/management in favor of the working class.
I believe that the two examples I gave qualify for your criteria.
The Oil companies are making $30-40 BILLION in profit every year. If we stop the $3-4 BILLION in corporate welfare, they will be fine.
If we limit mortgages on the 2nd home to $500K, the economy will not be hurt. They can still buy the first house at $20 million house and take all the mortgage dedututions.
Farm subsidies, WTF are we paying BILLIONS to corporations and farmers to NOT grow anything on their land?