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#18089

federal income tax exemption - is it or is it not an inefficient subsidy - because the Federal Government does make a choice in the projects?

What are the arguements for/against the criticism that the federal income tax exemption of interest on state-local debt is an inefficeint subsidy because the federal government makes no choice amoung the projects where the money goes?


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This question is really asking should local and state capital investment be driven by ...

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