When you put a gift in the tax code which lowers how much a special interest pays in taxes, someone else has to pay more taxes to make up the difference.
This is achieved by raising the tax rate.
That's why deductions, credits, and exemptions are theft. They cause tax rates on every taxpayer to be higher, and thus the money is being stolen from the pockets of those people who didn't get the gift in the tax code.
If you don't raise the tax rate, then you have to borrow the money.
And that is what is happening. We are transferring $1.4 trillion EVERY YEAR from the pockets of taxpayers in the form of higher rates, and in the form of debt piled onto our children's backs.
Trump's tax cut transferred an additional $1.5 trillion of debt onto our kids backs.
Special interests are loving it. Our kids will suffer for it.