Cato Institute Director of Tax Policy Studies Adam Michel has a new piece discussing easy places in the tax code to make spending cuts.

Some Republican members of Congress believe that extending the 2017 Trump tax cuts with anything less than a $4.7 trillion reduction in revenue is impossible. This belief is misguided, Michel says.

Such a large tax cut—without equally large spending cuts—suggests Republicans may have given up on cutting spending and other subsidies in the tax code. The tax code still has trillions of dollars in loopholes and spending that should be easy to cut through the reconciliation process.

According to Michel, House Republicans should push the Ways and Means Committee to look harder for the trillions of dollars of spending in the tax code that should be repealed or reformed.

Michel’s recommendations include elimination or reform of green energy subsidies, tax breaks for stadiums, corporate SALT reform, and other examples of tax offsets that should be easy to include.

This list is just a fraction of the roughly $14 trillion in distortionary loopholes, credits, deductions, and other spending in the tax code. Michel argues Republicans should not give up on cutting spending across the entire federal budget, including in the tax code. More aggressive cuts will allow Congress room to design a permanent, pro-growth tax reform that allows Americans to keep more of their hard-earned money, Michel concludes.

You can read the full piece here. If you would like to speak with Michel, please contact pr@​cato.​org to set up an interview.