Government
Jan. 13, 2011
Show Me the Money: A Hidden Source of Funding for Federal Deficit Reduction
Tax expenditures are the overlooked source in reducing the federal deficit. By Katherine Pratt of Loyola Law School.
If President Barack Obama and Congress ever decide to get serious about federal deficit reduction, there is a potential $1 trillion deficit reduction funding source that they have ignored. With annual federal budget deficits projected to average $1 trillion for the next decade, they should seriously consider this funding source, instead of assuming - contrary to fact - that radical cuts in federal discretionary spending programs can pain...
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