May 22, 2017

What Are the Largest Tax Expenditures?

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Policymakers often use tax policy to encourage or discourage behaviors. This popular practice has led to a category of the federal budget commonly referred to as "tax expenditures." These special deductions, exclusions and loopholes are economically identical to spending programs yet do not recieve the same scrutiny because the money is funnelled through the tax code.

Source: Joint Committee on Taxation, December 2015.

About the Issue

  • The nation's fiscal future depends on the balance between the spending in the federal budget and the revenues flowing into the treasury. Tax policy...

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