If Democrats really share the Occupy Wall Street goal of reducing wealth inequality, they could start by allowing the corporate welfare tax credits expiring this month to die forever. And if Republicans really believe in the free market and in tax reform, they’ll do the same.
The poster child for corporate welfare-through-the-tax-code might be a renewable-energy “tax credit” program created by Section 1603 of President Obama’s 2009 stimulus bill.
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