The precise point at which a tax deduction becomes a 'loophole' or a tax incentive becomes a 'subsidy for special interests' is one of the great mysteries of politics.

Summary

This quote suggests that the categorization of tax deductions as either loopholes or incentives is often subjective and depends on individual political perspectives. It highlights the difficulty in determining whether a particular tax policy benefits certain special interest groups or can be considered a legitimate incentive for broader economic purposes. The quote underscores the complex nature of tax policy and how interpretations of its effects can differ widely among politicians and the public.

Topics