On the recordFebruary 2, 2016
Eighty percent of the deficit effect of the act we passed at year-end 2015 was on the tax expenditure side, not on the spending side.
Source
congress.govEighty percent of the deficit effect of the act we passed at year-end 2015 was on the tax expenditure side, not on the spending side.
Kaine highlights the significant impact of tax expenditures on the deficit.
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