The Tax Break-Down
Dr. Eugene (Gene) Steuerle is the Richard B. Fisher chair and Institute Fellow at the Urban Institute and a member of the Committee for a Responsible Federal Budget. He wrote a commentary on his blog - The Government We Deserve. It is reposted below.
This is the sixteenth post in our blog series, The Tax Break-Down, which analyzes and review tax breaks under discussion as part of tax reform. Previously, we wrote about the Charitable Deduction, which lets itemizers deduct the amount they donate to charity. Read more posts in the Tax Break-Down here. This blog examines the provisions that expired at the end of 2013.
This is the fifteenth post in our blog series, The Tax Break-Down, which will analyze and review tax breaks under discussion as part of tax reform. Previously, we wrote about the Low-Income Housing Tax Credit, which provides credits to state-run housing agencies, which are then distributed to developers and investors to build low-income rental housing.
Yesterday, the Congressional Budget Office released its budget options paper, a biannual report that provides over 100 suggestions of specific things that could be done to reduce the deficit.