Tax Expenditures
Latest
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Examining the Domestic Production Activities Deduction
It is well known that the corporate tax code is littered with tax provisions that cost the government revenue. Today, the U.S. has the highest top...
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Chairman Camp Eyes State and Local Tax Deduction
Yesterday, House Ways and Means Committee Chairman Dave Camp (R-MI) took a hard look at the deduction for state and local income taxes at a hearing on...
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Revisiting the Distribution of Tax Expenditures
Tax expenditures are a frequent subject of this blog, as they are less visible than government spending due to the tax code's great complexity. But...
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CBPP: Tax Expenditures Are Ripe for the Picking
Tax expenditures have been a hot topic lately as a way to raise additional revenue for a deficit reduction plan that could replace sequestration...
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Tax Expenditures For Higher Education Rival Spending on Pell Grants
One of the lesser known provisions of the American Taxpayer Relief Act is the extension of the refundable American Opportunity Tax Credit (AOTC)...
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Joint Committee on Taxation Releases Latest Estimates of Tax Expenditures
Update: The link to the JCT report has been fixed. Today, the Joint Committee on Taxation (JCT) released their annual estimate of each individual and...
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A Closer Look at Refundable Tax Credits
Yesterday, CBO issued a report on refundable tax credits, examining many issues involved with the credits. The first refundable credit, the Earned...
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IRS Taxpayer Advocate Report Shows the Need for Tax Reform
The complexity of our tax code has many advocates making the case for tax reform as we head toward the second round of fiscal negotiations. In a...
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CBO's "Options for Taxing Multinational Corporations"
Yesterday, CBO put out a new report on the system for taxing U.S. multinational corporations, a somewhat complex but important topic when it comes to...
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Coburn Takes a Look at Tax Expenditures
Senator Tom Coburn (R-OK) has released a new list of ten wasteful tax expenditures, totaling $130 billion over the next ten years. Whether it is tax...
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Steuerle: Revenue Proposals Not Enough
Urban Institute scholar and CRFB board member Gene Steuerle writes in his blog The Government We Deserve that the current revenue proposals from both...
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"Fixing the Debt: Reforming the Tax Code and Federal Health Spending" Recap
Yesterday, the Fix the Debt Campaign had a event with two roundtables bringing together many health policy and tax experts from across the political...