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In justification of allegedly unnecessary costs.
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The people in charge of the economy in Norway forgot a very easy lesson, and now they can do little but watch as the people who make money in their country leave.
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Over the past 30 years, lawmakers have turned more and more to the Internal Revenue Service (IRS) instead of traditional government agencies to get social and economic benefits through the tax code. As a result, the IRS now manages 21 refundable and non-refundable tax credits for individuals, such as the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC), and about two dozen more tax breaks for corporations, such as the green energy tax credits made possible by the Inflation Reduction Act.
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As for billionaires paying lower tax rates than schoolteachers and firefighters, data from President Biden’s own Treasury refutes the idea.
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The government can't keep up with its latest spending spree. Even though Democrats run Maine's government, it still finds ways to save money. Washington should pay attention to this.