Tax expenditures for middle- and working-class Americans - like the earned income tax credit - aren't thought of as loopholes; they're just thought of as benefits.
Sentiment: NEGATIVE
The whole tax code should be looked at, all the way from farm subsidies to carried interest to - to corporate loopholes, because we really need to raise more revenue.
As American taxpayers know too well, the tax code is incredibly complex and compliance is all to expensive.
My goal in getting rid of tax loopholes is not to raise taxes. Our problem in Washington, D.C. is not a revenue problem, it is a spending problem.
In 2001, Congress passed much needed tax relief to allow Americans to keep more of their hard earned money and spend it as they see fit - rather than how the federal government sees fit.
The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.
Tax credits are designed to help people who work hard but who, through no fault of their own, don't earn enough to keep their families out of poverty.
We need a tax code that promotes savings, investment, achievement, innovation, and hard work.
If private-equity firms are as good at remaking companies as they claim, they don't need tax loopholes to make money.
Tax bills create wealth. They help people live better.
Tax breaks can serve a vital role in keeping and bringing jobs to our state; however, without accountability, they are little more than loopholes at taxpayers' expense.
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