Tax Expenditure Quotes
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.
This has long been a principle of most politicians responsible for taxation and national budgets. A forced loan, was a practice where instead of taxing and industry like banks, the government requires that the loan the government a certain amount which the government pays back with interest. For the banker, this is preferable to a bank tax which he will never get back,, but then the interest has to be paid by everyone. If the benefit or its potential is to accrue to all citizens, then all the citizens should share in the burden—hence general taxes. See {639883} for a similar contemporary view.