Tax Expenditures

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Taking Stock of Spending Through the Tax Code Report
 (President Donald Trump looks at portraits on the wall as he walks down a corridor with Treasury Secretary Steven Mnuchin at the Treasury Building on April 21, 2017, in Washington, D.C.)

Taking Stock of Spending Through the Tax Code

The Tax Cuts and Jobs Act, which gave the largest tax cuts to the wealthiest Americans, also failed to address the inefficiency, lack of fairness, and cost of many spending programs administered through the tax code.

Alexandra Thornton, Sara Estep

How the Government Subsidizes Wealth Inequality Report
This undated photo shows Skibo Castle, the estate of Scottish-born industrialist Andrew Carnegie. (AP/Carnegie Library of Pittsburgh)

How the Government Subsidizes Wealth Inequality

Wealth inequality has increased dramatically in recent years, and government subsidies for capital gains and dividends are only making the situation worse by helping the rich get richer.

Harry Stein

Six Principles for Tax Expenditure Reform Report
The Joint Select Committee on Deficit Reduction meets on Capitol Hill in Washington, Tuesday, September 13, 2011. Under the so-called super committee’s mandate, the next round of deficit reduction can come from any source. And so it is appropriate that tax expenditures be on the table in the super committee’s deliberations and in future budget debates. (AP/J. Scott Applewhite)

Six Principles for Tax Expenditure Reform

Fixing the excessive and expensive system of tax breaks, credits, and loopholes is key to any deficit reduction plan. Seth Hanlon suggests six principles to guide Congress’s work in this area.

Seth Hanlon

Tax Ex-Spend-Itures Article

Tax Ex-Spend-Itures

Seth Hanlon explains how the debt limit debate underway in Washington isn’t really about spending versus taxes, as conservatives claim—it’s about whether conservative lawmakers are willing to put wasteful tax code spending on the chopping block.

Seth Hanlon

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