Special interests win the day on tax-break extensions
August 3, 2012
in The Washington Post
"Grant me chastity and continence," St. Augustine famously prayed as a youth. "But not yet." That same sentiment seems to have governed the Senate Finance Committee's deliberations this week as the panel went through the annual exercise of extending special-interest tax breaks that clutter the Internal Revenue Code. One after another, members of the committee professed their belief in tax reform, proclaimed that Congress must achieve it soon - and then explained why it would be unfair to give up this or that provision favoring their constituents until the blessed day arrives.
This was a bipartisan game. Sens. Debbie Stabenow, a... [continue via Web link]