Richard Rubin of the Wall Street Journal tweeted this quote from Doug Holtz-Eakin this week. .@djheakin: If you hear someone say, 'I can't live without this tax provision,' they don't have a business. They have a tax shelter. — Richard Rubin (@RichardRubinDC) October 18, 2017 I assumed that Holtz-Eakin wasn't talking about the tax provisions that allow businesses to deduct their business costs from their tax base, such as accelerated depreciation, or the ones that are meant avoid the double taxation of income, such as the deferral of taxes on non-repatriated business income earned (and taxed) overseas ...
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