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 ...

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 ...

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 ...

On March 1, 2022, the IRS published its 129-page Exempt Organizations Technical Guide TG 62 Excise Taxes on Taxable Expenditures. While not authoritative or controlling, the guidance addresses in ...

The loopholes known as “tax expenditures” reduce individual and corporate tax obligations by more than $1 trillion each year. But while these tax deductions are hugely popular and fiercely protected, ...

In my last post, I wrote about the largest State tax expenditures identified by the Department of Revenue in a report issued in December 2011 and how those expenditures fared under tax reform efforts ...

Adam N. Michel focused on tax policy and the federal budget as a Senior Policy Analyst in the Grover M. Hermann Center. The tax code is used by politicians to dole out hundreds of billions of dollars ...

Sinclair Davidson is Professor of Institutional Economics at RMIT University and a senior fellow at the Institute of Public Affairs. He has previously held research grants from the Australian Research ...

The Tax Reform Act of 1986 was a massive reboot of the income tax system. The major theme was to broaden the base and lower the rates. The rate lowering was dramatic. The top marginal rate was ...

The recent legislative changes mark a significant shift in the U.S. corporate tax landscape, particularly with the introduction of immediate deductions for domestic research and development (R&D) ...