According to tax publisher CCH, there are now 72,536 pages of federal tax code rules, regulations, and IRS rulings.
Good things happen when spending is restrained, but long-run good performance requires long-run spending discipline.
There is nothing to be gained, and much to be lost, by improving the U.S. tax climate slowly rather than quickly.
Getting rid of tax expenditures is not at all the same as raising more revenue.
If policymakers don’t restrain discretionary spending, deficits and debt will be higher in coming years than shown in official projections.
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