Nonfarm Investors and Beef Breeding Herds- -Incentives and Consequences

Virden L. Harrison and W. Fred Woods

Journal of Agricultural and Applied Economics, 1972, vol. 4, issue 1, 171-177

Abstract: Tax dollars the Government deliberately waives should be viewed as a form of expenditure and weighted against the priority of other expenditures. When the preference device provides more social benefit than Government collection and spending, that “incentive” should be expanded; when the preference is inefficient or subject to abuse, it should be ended.Richard M. Nixon Message Regarding Tax Reform April 21, 1969

Date: 1972
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