Monday, April 2, 2012

Our ‘submerged state’: Invisible government policies may surprise you



While people start out thinking about government programs as welfare for the poor, most of the “tax expenditures” actually help the affluent and widen the gap between rich and poor.
I’ve always been a little uncomfortable with the term “tax expenditures” to refer to deductions and credits. And I know righties bristle at the notion that the government is giving you a “benefit” by not taking as much of your hard-earned money in taxes. But whatever you call them, these tax breaks have a total value of more than $1 trillion a year – more than the cost of Medicare and Medicaid combined –
Our ‘submerged state’: Invisible government policies may surprise you

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