Congress Shouldn't Rubber-Stamp Tax Extenders: Report

Law360, New York (February 25, 2014, 5:56 PM EST) -- Extending some of the 55 tax provisions that expired in January should rank among Congress’ top priorities, but blindly extending all of them would be costly, according to an Economic Policy Institute analysis published Tuesday.

The Economic Policy Institute, a nonprofit, nonpartisan think tank, issued a report entitled “Time to Take Tax Policy Off Autopilot,” which says lawmakers should abandon their practice of rubber-stamping the provisions every year and instead re-evaluate each one individually.

In particular, the report says that greater deficit spending is the best...
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