Friday, November 11, 2011

No, Tax Expenditures Will Never Go Away

And it's important to recognize that. It's why people like me are a bit more fond of, say, the mortgage interest deduction than we otherwise would be. It's because it's a goody that not-super-rich people actually get. I'm not particularly enamored with subsidizing homeownership, and I'd prefer scrapping most deductions in exchange for increasing the personal exemption for everybody, but even if Alan, Erskine, and I manage to come to an agreement on this stuff and Congress passes it...just wait until next year.

If we agree to scrap some stuff that benefit middle class people in exchange for scrapping some stuff that benefits rich assholes and corporations, next year the lobbyists will be back. And who has the better lobbyists?