Stop Picking Winners and Losers in the Debt Debate

Summary


A handful of oil industry executives stood before Congress last week to defend $20 billion in tax breaks their companies will receive over the next 10 years.

Several of the largest and wealthiest corporations in the world argued that it would be unfair to single out their industry to help balance the federal budget.

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Extract


Stop Picking Winners and Losers in the Debt Debate

And you know, they are right. It would be unfair to punish any single industry, and it would also be ineffective.

Even if the five biggest compan...

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