Center for American Progress

The Way Out of the Sequester Is Cutting Tax Expenditures
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The Way Out of the Sequester Is Cutting Tax Expenditures

The horrifying list of budget cuts seems inevitable. Republicans want spending cuts, and Democrats want revenue increases. But they can get both by getting rid of hidden spending programs.

Authors

  • Michael Linden

With enormous, across-the-board spending cuts bearing down on the country, and with the two parties still miles away from resolving their budget differences, it may seem impossible to avoid the economic and human damage these looming cuts will cause. But there is a way out of this mess. The key is for conservatives in Congress to remember that most of the special tax breaks written into the tax code are really just hidden spending programs.

The above excerpt was originally published in The Daily Beast. Click here to view the full article.

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Authors

Michael Linden

Managing Director, Economic Policy