Abstract
“Tax expenditure” is the official name for a tax break. As the term implies, Congress can provide subsidies through the tax code just as well as it can through direct spending. For example, instead of the Department of Housing and Urban Development sending checks to developers of low-income housing, the IRS provides low-income-housing tax credits. Since the mid-1970s, government economists have put together a tax expenditure budget. These compilations are an extremely useful guide for tax reformers and anybody else who wants to see the size and scope of targeted tax relief.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Rights and permissions
Copyright information
© 2011 Martin A. Sullivan
About this chapter
Cite this chapter
Sullivan, M.A. (2011). Corporate Tax Expenditures. In: Corporate Tax Reform. Apress. https://doi.org/10.1007/978-1-4302-3928-4_7
Download citation
DOI: https://doi.org/10.1007/978-1-4302-3928-4_7
Publisher Name: Apress
Print ISBN: 978-1-4302-3927-7
Online ISBN: 978-1-4302-3928-4
eBook Packages: Business and EconomicsBusiness and Management (R0)Apress Access Books