What a Tangled Web We Weave
When we pursue policy objectives through tax loopholes.
Andrew Ferguson
January 17, 2005, Vol. 10, No. 17
DISCOUNTING FOR AN UNDERWATER EARTHQUAKE that sent 40-foot-high waves traveling thousands of miles across the open sea to inflict death and destruction on an unimaginable scale, it was kind of a sleepy holiday for the Washington political community, newswise. So you can understand the titillation that shimmered through the capital when the local paper announced, a few days after Christmas, that President Bush might delay his plan to "simplify" the tax code! "Bush Expected to Delay Major Tax Overhaul," said the headline in the Washington Post.
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