The High Price of Tax Loopholes

The U.S. Congress faces major challenges and choices this Autumn:

New spending bills have to be passed by September 30th to fund the government; the next round of nearly $110 billion in budget cuts mandated by the “sequester” kicks in on October 1; and the debt ceiling will need to be raised sometime between late October to mid-November so that the government can continue to borrow money to keep operating.

Continue reading here.