A primer on tax expenditures—a privileged form of government spending that often evades scrutiny. Tax expenditures are, quite simply, spending programs implemented through the tax code. These programs ...
Seth Hanlon explains how the IRS rule allowing people to deduct charitable contributions is effectively a $53.7 billion spending program and the country’s sixth-largest “tax expenditure.” American Red ...
The Joint Committee on Taxation (JCT) recently published their latest estimates of individual and corporate tax expenditures.
WASHINGTON — Rep. Pat Tiberi, chairman of a House Ways and Means Committee panel, on Tuesday called for the elimination of most tax expenditures as part of comprehensive tax reform, which he said ...
A new report from the Congressional Budget Office found that the top 10 tax expenditures are distributed unevenly across the income scale, with much of the benefit going to the top-earning 1 percent ...
GoodRx reports seven overlooked medical expenses that are tax-deductible, including acupuncture and medical transportation, if itemized.
President Bill Clinton famously tried to wriggle out of trouble by saying “it depends on what the meaning of the word ‘is’ is.” Congress can similarly avoid even more trouble — in this case, a ...
As I pointed out in my last piece, federal health-related tax expenditures have grown explosively over the past 50 years. I am using this post to dive a little deeper into the details and explain how ...
When a politician proposes tax cuts, the vast majority of us understand that to mean a reduction in tax rates. Both Donald Trump and Hillary Clinton issued tax plans that reduce and, in the case of ...
Curtis Dubay, recognized as a leading expert on taxation issues, is a former research fellow in tax and economic policy. The CBO misnames “tax expenditures.” Congress has explicitly inserted these ...