“Former Sen. Kent Conrad (D-N.D.), a longtime chairman of the Senate Budget Committee, argues the federal government loses $1.2 trillion a year because of various tax breaks, a large pool for lawmakers to draw from to reduce the deficit.”
Kent, you are a lying sack!
If the standard deduction was reduced, those paying no taxes would become taxpayers. The amount of revenue generated by reducing the standard deduction would be considerable
Those “tax breaks” are things like being able to deduct your business expenses, taxes paid to state, county and city, the mortgage interest deduction and of course your 401K.
argues the federal government loses $1.2 trillion a year because of various tax breaks’
It there was ANY truth to this statement, then why did Zero refuse to consider closing tax breaks instead insisting on tax INCREASES?
Nothing a liberal says can ever be considered true. Nothing.