October 26, 2010 08:17 AM | Permalink | 
Tax reform is important and desirable, but too often short-lived. Absent action to address the biases in favor of tax expenditures, lawmakers have almost no chance of maintaining a reformed tax code for long, nor do they have much chance of being able to impartially decide whether new government programs should be implemented as tax expenditures or direct expenditures. Procedural reforms of the type outlined in this report should be the starting point for reining in lawmakers’ unhealthy obsession with tax expenditures.
Note: This report was written for State Tax Notes, and therefore takes a state-level perspective. It is, however, equally applicable to the situation at the federal level.
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