I am grateful to CPA and blogger Peter Reilly now blogging for Forbes in addition to his Passive Activities tax blog, for letting me be a guest blogger on his site today. I have a blog there on the need to look at the spending in the tax law when looking at cutting spending or generating revenue. I explain though why it is harder to cut the spending in the tax law rather than the spending in an agency's budget even though the net effect to the treasury is the same.
Please take a look - here. And, of course, check out Peter's fine posts!
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