Expiring provisions and a changed fiscal and global tax landscape set the stage for an intense and consequential debate over tax policy following the election
Lots of good points but the fundamental one is that deficits > Σ(expenditures with NPV>0) very probably shift resources from investment to consumption and the reduced growth in income is the _way_ that deficits today burden future generations.
Lots of good points but the fundamental one is that deficits > Σ(expenditures with NPV>0) very probably shift resources from investment to consumption and the reduced growth in income is the _way_ that deficits today burden future generations.