Erin Isabelle Burnett Quotes
That’s why the tax code is so long [76,000 pages]. So we can take advantage of it.
Erin Isabelle Burnett, News Anchor & Journalist, CNN, July 16, 2012
Sourced by: Eigen's Political and Historical Quotations
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.
At the time Rangel was the Chairman of the House Ways & Means Committee which had jurisdiction over tax matters.
This is the basis for the difference between tax evasion which is illegal and tax avoidance which is legal—made so by this Supreme Court decision.
Erin Isabelle Burnett is an American news anchor, currently the anchor of Erin Burnett OutFront on CNN. She previously worked for CNBC as co-anchor of Squawk on the Street and the host of Street Signs. Burnett has also appeared on NBC's Meet the Press, Today, MSNBC's Morning Joe, and NBC Nightly News as well as making occasional appearances on The Celebrity Apprentice, serving as an advisor to Donald Trump.