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Using tax code to modify behavior is a boon for big business, lawyers, lobbyists

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The hip new bipartisan way for government to try to steer the economy and subsidize favored industries or companies is through tax deductions and credits. As with most government meddling in the economy, the benefit accrues disproportionately to large, politically connected businesses. Today’s Wall Street Journal has a great piece [behind a paywall, alas] on this. The crux, with my emphases...

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