Problem
1. It is often charged that the tax structure of the United States is rife with loopholes. In light of the political influence of special interest groups, do you think this is surprising? Can you think of specific tax loopholes that reflect the special interest effect? Explain.
2. What is the short-sightedness effect? Explain why it may result in public policy that promotes economic inefficiency.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.