Tuesday, May 17, 2011

Words of the Weasel. Pt 19

I saw this on Congress.org

By Frances Symes

"Tax expenditures are revenue losses attributable to provisions of tax law that allow for special exclusion, exemption, or deduction or provide for a special credit or deferral of tax liability. The associated loss in revenue totals is estimated as equaling around $1 trillion each year."

Not so. "Tax expenditure" is democrat-speak for the amount of money that could be raised if they hiked taxes.

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