We need to broaden the tax base by cutting down on deductions and credits and lower rates.

我们需要缩减课税减免和信贷，降低利率，以此扩大税基。

youdao

America's tax system is riddled with exemptions, deductions and credits that feed an industry of advisers but SAP economic energy.

美国的税收体系饱受免税、课税减免和课税扣除等优惠措施之苦，这些措施虽令行业顾问满意但却逐渐削弱了经济活力。

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For 2002 try to reduce your gross income instead of claiming deductions and credits.

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But some of the provisions are harder to absorb, including the phase-out of deductions and credits.

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Of course, it is not simple to purge the tax code of deductions and credits.

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