Many people are beginning to wrap their minds around the House Republicans’ proposed destination-based cash-flow tax and what it means for tax reform. Most people are still looking into the tax’s impacts on trade and how...
- William McBride on the History of Credits and Deductions
William McBride on the History of Credits and Deductions
The various credits, deductions, and loopholes in the tax code known collectively as “tax expenditures” have increased dramatically since the last major reform effort, and now account for almost twice the cost that they did in the early 1990s. In this episode, Tax Foundation chief economist William McBride discusses how that happened and what should be done now to reform the system.
More information is available in Tax Foundation Fiscal Fact No. 391, "A Brief History of Tax Expenditures."
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