Michael Tomasky points to tax expenditures, deductions and loopholes for individuals and corporations, as the way out of our deficit trouble. He's obviously right. It's rare that you get a chance to reduce tax rates and increase tax revenues. You'd...
Eric Cantor says he isn't against closing tax loopholes...he's just against using the revenue that closing them would produce for deficit reduction. Instead, he wants to use the increased revenue to lower taxes: If the GOP sticks to... Read Post
The Obama administration is proposing to cut the corporate tax rate from 35 percent to 28 percent (25 percent for manufacturing), close scores of loopholes that currently reduce the effective tax rate, put a minimum tax on foreign p... Read Post