Please give at least one example of a tax policy that you believe has both beneficial and harmful side effects. List those effects, and argue for or against that policy. If you think a better policy can be used to address the same issue, make your argument. (You can give multiple examples in your response.)

For example, you can argue that the negative income tax (NIT) has many undesirable side effects, and the earned-income tax credit (EITC) would be a better policy for income redistribution.