Tax Expenditures:
Legislation
2011
H.R. 2495, Tax Equity and Middle Class Fairness Act of 2011
Introduced on July 11, 2011
2010
H.R. 5291, Tax Information for New Fiscal Oversight Act of 2010
Introduced on May 12, 2010
Congressional Hearings
Senate Finance Committee Hearing: Perspectives on Deficit Reduction: A Review of Key Issues
July 26, 2011
Mr. Robert Greenstein, President, Center on Budget and Policy Priorities
Mr. Michael Ettlinger, Vice President for Economic Policy, Center for American Progress
Mr. Chris Edwards, Director, Tax Policy Studies, Cato Institute
Senate Finance Committee Hearing: How Do Complexity, Uncertainty and Other Factors Impact Responses to Tax Incentives?
March 30, 2011
Chairman Max Baucus Hearing Statement Regarding the Effectiveness of Tax Incentives
Sen. Orrin Hatch Hearing Statement Regarding the Effectiveness of Tax Incentives
Dr. Raj Chetty, Professor, Department of Economics, Harvard University, Cambridge
Dr. Robert Carroll, Principal, Quantitative Economics and Statistics, Ernst & Young LLP
Proposals
Gang of Six: A Bipartisan Plan to Reduce Our Nation's Deficits
(July 19, 2011)
Back in Black: A Deficit Reduction Plan
Sen. Tom Coburn, July 18, 2011
Excerpt: Reforming Tax Expenditures & Ending Special Giveaways
(pages 551-620 in the full report)Rebuttal of Sen. Coburn's Proposal to Eliminate the Low-Income Housing Tax Credit (LIHTC)
Affordable Housing Tax Credit Coaltion (AHTCC) and 562Industry Co-Signers, August 15, 2011A Comment on Back in Black and Recommendations for the New Markets Tax Credits
New Markets Tax Credit Coalition, July 27, 2011Letter to Sen. Tom Coburn on Back in Black Report
Natoinal Council of State Housing Agencies, July 29, 201120 Reasons to Support LIHTC
The Michaels Organization and The NRP Group
Joint Committee on Taxation Documents
2012
JCS-1-12:
Estimates Of Federal Tax Expenditures For Fiscal Years 2011-2015
(January 17, 2012)
2011
Joint Committee on Taxation Memo: Estimated Revenue Effects of Corporate Tax Reform Revenue Raising Provisions that Repeal or Modify Tax Expenditures
(October 27, 2011)
JCX-15-11: Background Information On Tax Expenditure Analysis And Historical Survey Of Tax Expenditure Estimates
(February 28, 2011)
2010
JCS-3-10: Estimates Of Federal Tax Expenditures For Fiscal Years 2010-2014 (December 21, 2010)
JCS-1-10: Estimates Of Federal Tax Expenditures For Fiscal Years 2009-2013
(UPDATED January 13, 2010)
2009
JCX-25-09R: Tax Expenditures For Energy Production And Conservation
(April 21, 2009)
2008
JCS-2-08: Estimates Of Federal Tax Expenditures For Fiscal Years 2008-2012
(October 31, 2008)
JCX-37-08 A Reconsideration Of Tax Expenditure Analysis
(May 12, 2008)
Rethinking Tax Expenditures
(May 01, 2008)
2007
JCS-3-07: Estimates Of Federal Tax Expenditures For Fiscal Years 2007-2011
(September 24, 2007)
2006
JCS-2-06: Estimates Of Federal Tax Expenditures For Fiscal Years 2006-2010
(April 25, 2006)
2005
JCS-1-05: Estimates Of Federal Tax Expenditures For Fiscal Years 2005-2009
(January 12, 2005)
Related Resources
Letters, Reports, Articles and Research
Sen. Charles Grassley Letter Urging President to Reconsider Definition of Tax Reform
August 11, 2011
Promoting State Budget Accountability Through Tax Expenditure Reporting
Center on Budget and Policy Priorities, May 11, 2011
Budget and Economic Outlook: Fiscal Years 2011 to 2021
Congressional Budget Office, January 26, 2011
The Moment of Truth
National Commission on Fiscal Responsibility and Reform
December 1, 2010
Draft CoChairs' Proposal
National Commission on Fiscal Responsibility and Reform, November 10, 2010
$200 Billion in Illustrative Savings
National Commission on Fiscal Responsibility and Reform, November 10, 2010
“Report on Tax Reform Options: Simplification, Compliance and Corporate Taxation”
The President’s Economic Recovery Advisory Board (PERAB), August 27, 2010
Search for Budget Savings Leads to Scrutiny of Tax Expenditures
By Michael J. Novogradac, CPA, Novogradac & Company
Putting Corporate Tax “Loopholes” In Perspective
By Scott A. Hodge, The Tax Foundation, August 3, 2010
Tax Expenditures Belong on the Cutting Block
By Sima J. Gandhi, Center for American Progress, June 17, 2010
Audit the Tax Code:
Doing What Works for Tax Expenditures
By Sima J. Gandhi, Center for American Progress, April 2010
Tax Expenditures 101: What They Are and How They Slip Under the Radar
Center for American Progress, April 15, 2010
Federal Debt and the Risk of a Fiscal Crisis
By Congressional Budget Office, July 27, 2010
Table 19-3 from Analytical Perspectives,
Budget of the U.S. Government, Fiscal Year 2010
Office of Management and Budget, February 1, 2010
"The 'Tax Expenditure' Solution for Our National Debt"
By Martin Feldstein for the Wall Street Journal (subscription required), July 20, 2010
Large Gap in Tax Subsidies Eases Slightly in Current Budget
By Michael J. Novogradac, CPA, Novogradac & Company, January 2009
Federal Government Provides More Than $15 in Tax Subsidies for Homeownership to Each $1 for Rentals
By Michael J. Novogradac, CPA, Novogradac & Company, June 2006
Federal Government Provides More Than $25 in Subsidies for Homeownership to Each $1 for Rentals
By Michael J. Novogradac, CPA, Novogradac & Company, March 2005
Podcast: Novogradac Report on Tax Credits
Michael J. Novogradac, CPA, discusses the JCT expenditure estimates in the Tax Credit Tuesday podcast on January 19, 2010. The topics for each week are named in the title of that week's podcast and listed on the Tax Credit Tuesday Podcast home page.