Word: deductionism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Either plan -- a broad capital-gains cut or liberalized IRA deduction -- would cost a fortune. (A bargain capital-gains tax rate would shake loose revenues at first as investors sold to take advantage of it but in the long run come back to bite us.) So it may be that...
In 1981, then-Senator Gary Hart proposed a bill to limit the tax deduction for business meals and entertainment by 30 percent and use the added revenue to restore Reagan's cuts in the school lunch program. Hart could only find two co-sponsors in the entire Senate.
In 1981, then-Senator Gary Hart proposed a bill to limit the tax deduction for business meals and entertainment by 30 percent and use the added revenue to restore Reagan's cuts in the school lunch program. Hart could only find two co-sponsors in the entire Senate.
Finally, the government must guarantee a college education to anyone who wants it. This should probably be financed by a system in which people can pay off their college debt through a lifetime deduction of a percentage of their earnings.
But more importantly, it means abolishing the middle-class welfare state that is hidden in the tax code. Tax breaks for employer-sponsored pension and health benefits cost the government far more than direct government spending on the poor. The home mortgage interest deduction costs far more than government housing...