Bill Bradley Quotes
Over the years, the tax code has become a vehicle for political favoritism and social engineering.
Bradley, Bill. The Fair Tax. Pocket Books, 1984.
He was referring to many of the tax earmarks and other tax legislation that in effect give funds to specific organizations or kinds of organizations or for those who engage in certain activities or sometimes just to favorite organziations. A tax credit or deduction is from a balanced budgetary perspective is no different from a subsidy.
As a result of years of lobbying many vested interests were getting tax exemptions for their activities. Some of the richest corporations and people paid little or no taxes. This was like the old European monarchies where the dukes and nobles got tax exemptions from the king and the middle class and poor people paid a much larger percentage of their income and wealth than did the nobility. Fairness in taxation is very difficult in practice. See {633629}
William Warren Bradley is an American politician and former professional basketball player. He served three terms as a Democratic U.S. Senator from New Jersey (1979–1997). He ran for the Democratic Party's nomination for president in the 2000 election, which he lost to Vice President Al Gore.