Re: Refundable Tax Credits=Socialism?
by gprante
The one good thing about this whole debate even if it being fought in a rather childish and ignorant way, it is that it brings up the entire issue of tax expenditures and hopefully makes intelligent people get back to what I would call "core public finance." That is, we need to be answering two questions: (1) What is the public good here (i.e. market failure)? and (2) Just what is the optimal way to solve the market failure of a given public good (i.e. regulation, special tax provisions, direct spending, etc.)?
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