This article originally appeared in the Cato Blog. Click here to read the full article.
By Ike Brannon and Gordon Gray
Ike Brannon of Capital Policy Analytics and Gordon Gray of the American Action Forum warn against an attempt in the lame-duck session to revive ‘‘orphan’’ tax breaks not made permanent at the end of 2015. The authors write that ‘‘the very presence of a year-end extenders package serves as a de facto substitute for genuine reform, and distracts lawmakers from undertaking a comprehensive tax reform that is long overdue.’’