David Harsanyi on Why No One Is Going to Close Any Tax Loopholes
The problem with Mitt Romney's tax plan is that keeping it revenue-neutral on paper can be achieved only by closing tax loopholes. Which loopholes? We don't know. Romney, as vice presidential candidate Paul Ryan explained, believes "the best way to do this is to show the framework, show the outlines of these plans and then to work with Congress to do this. That's how you get things done."
This might be solid political reasoning, writes David Harsanyi, but in reality, it's not going to happen. And the problem isn't that wealthy oil barons or special interest lobbyists love loopholes (they do); it's because we do.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?