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Tax breaks on autopilot with little debate

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(Reuters) - UK-based Diageo, the world's biggest liquor company that sells Captain Morgan's rum, is enjoying a $2.7 billion subsidy from the U.S. Virgin Islands, aided in part by a tax break rubber-stamped by Congress annually with little public debate.

Recipients of more than $30 billion of tax breaks like these hope to catch a ride on the payroll tax legislation expiring next month, with special interests - from Diageo to Nascar racetrack owners to major U.S. banks - lobbying to win renewals of their preferences in the sprawling U.S. tax code.

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and then

The tax code is an abomination and should be scrapped. But it never will be because it was never meant solely to raise revenues. It has always been a way to control one's political adversaries as well.

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