Washington, D.C–(ENEWSPF)–June 23, 2011. Getting rid of the worst tax expenditures as a part of a debt limit deal would improve the efficiency of the tax code while raising much-needed revenue, and could appeal to both sides of the aisle as a useful deficit cutting strategy in the ongoing debt ceiling negotiations. There are encouraging signs that the many tax loopholes, special tax subsidies, and targeted tax breaks buried in our nation’s corporate and individual tax codes could be eliminated, which would also increase transparency in the federal budgeting process going forward.
