Tag: United States

How California Leaders Can Improve the Oversight and Evaluation of State Tax Expenditures

| 6 September 2024
Fiscal, Blog | Tags: Parliaments, Tax Expenditures, United States
In California, tax expenditures — defined in state law as a “credit, deduction, exclusion, exemption, or any other tax benefit as provided for by the state” — represent a significant revenue cost to the state. In recent years, the estimated cost to the state’s General ... continue reading

Advancing Scrutiny: 55 Year of Tax Expenditures Reporting in the United States

| 14 December 2023
Fiscal, Blog | Tags: Parliaments, Tax Expenditures, United States
The normal baseline currently used to define tax expenditures by the US Treasury remains fairly close to an economic measure of income, but with some differences. Tax expenditures include employee fringe benefits and imputed income on rents on owner-occupied housing, but not free financial services. ... continue reading

Tax Expenditure Scrutiny Can End Trillion-Dollar Political Game

, and | 19 January 2023
Fiscal, Op-Eds | Tags: Income Tax, Inequality, Tax Expenditures, United States
Too often, government spending is understood only as cash payments to specific individuals or groups. However, targeted exemptions or reductions in taxes owed strain public coffers similarly to direct spending, though often with far less visibility. ... continue reading