Tax Expenditures Should Be Reviewed In Budget, Experts Say

Law360, New York (February 6, 2014, 6:48 PM EST) -- Tax expenditures should be included in the budget process in order to offset increases in the tax rate and to assess the impact of government on policy, three leading policy experts said Thursday, writing for the Brookings Institution.

The three academics, Paul Posner, Steven Redburn and Jonathan Breul, said tax expenditures, or provisions of the federal income tax code favoring specified sources or uses of income, are not currently part of the budget process but should be incorporated alongside direct spending as a way to provide...
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