At the end of 2016, Dana Wade writes, some loopholes in the tax code will expire, along with the unfair benefits that flow towards special interests. In her op-ed for The Dallas Morning News, Wade explains why Congress should allow these loopholes, called “tax extenders,” to expire:
Many tax extenders, so named because they represent temporary exceptions to the regular tax code, are truly unfair. These special carve-outs include tax breaks for film and television, motor speedway tracks, rum production and racehorse owners. The extenders benefit a few wealthy and well-connected people at everyone else’s expense.