The per-vote subsidy: it’s the best deal in town

So the per-vote subsidy on its own can't abolish the political influence of wealth. Nevertheless, it was a step in the right direction, a step that should not be reversed.

Nov. 4, 1975, 10:30 p.m. After members of the U.S. House Ways and Means Committee had already exhausted themselves trying to put a major tax bill to bed, Georgia congressman Phil Landrum advanced an arcane amendment. It would allow capital losses to be set against capital gains taxes paid in pr...

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