Robert Reich Quotes
When corporations get special handouts from the government, subsidies and tax breaks, it costs you. It means you have to pay more in taxes to make up for these hidden expenses, and government has less money for good schools and roads, Medicare and national defense and everything else you need.
Reich, Robert. "The Corporate Welfare Queen." Robert Reich's Blog, 14 Oct. 2014.
A tax system should be instituted
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.
Robert Bernard Reich is an American economist, professor, author, and political commentator. He served in the administrations of Presidents Gerald Ford and Jimmy Carter, as well as serving as the United States Secretary of Labor from 1993 to 1997 under Bill Clinton. He was a member of President Barack Obama's economic transition advisory board.