> “Yes, that credit was exactly the kind of rigged, special-interest loophole that should be opposed”
It was a tax write-off to encourage investment in building and construction.
It was closed by greedy democrats that wanted to preserve their share of the tax revenue pie that Reagan’s income tax cuts were threatening.
So you are in league with greedy democrats.
>> It was a tax write-off to encourage investment in building and construction <<
Yes, that’s exactly what it was. Moreover, it was a prime example of a wrong-headed government policy that favors one sector of the economy over the other sectors. So I guess it’s not surprising that Mr. Trump wanted to keep this gimmicky loophole, while President Reagan wanted to eliminate it.
The critical point is this:
If you truly believe in free markets and economic liberty, then you will hold that the government has no business giving special favors to building and construction, when it doesn’t give exactly the same favors to every other sector of the economy. It’s the difference between free-market capitalism and the Mr. Trump’s favorite, government-managed crony capitalism.