On the recordFebruary 12, 2013
Eliminating tax exemptions is a tax increase.
Source
congress.govEliminating tax exemptions is a tax increase.
Cochrane warns against misleading claims about tax exemptions and spending cuts.
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More from John H. Cochrane
Winston Churchill once said, Americans can be trusted to do the right thing after we have tried everything else.
We are not now going to raise taxes in order to increase spending above the baseline.
A central bank in a democracy is not an all-purpose do-good agency to subsidize what it decides to be worthy.