Tax Expenditures

Legislation

2015

Evidence-Based Policymaking Commission Act of 2015 (H.R. 1831)
(Introduced April 16)

Amendment in the Nature of a Substitute to H.R. 1831
(Passed  by House Committee on Oversight and Government Reform May 19, 2015)

The Budget and Economic Outlook: 2015 to 2025
Congressional Budget Office, January 2015

2014

Evidence-Based PolicyMaking Commission Act of 2014
Introduced November 20, 2014

2011

H.R. 2495, Tax Equity and Middle Class Fairness Act of 2011
Introduced on July 11, 2011

Cosponsors     More information

2010

H.R. 5291, Tax Information for New Fiscal Oversight Act of 2010
Introduced on May 12, 2010

Cosponsors     More information

Congressional Hearings

Senate Finance Committee Hearing: Perspectives on Deficit Reduction: A Review of Key Issues
July 26, 2011

Sen. Max Baucus Statement

Sen. Orrin G. Hatch Statement

Mr. Robert Greenstein, President, Center on Budget and Policy Priorities

Dr. Lawrence B. Lindsey, President and Chief Executive Officer, The Lindsey Group, former Director of the National Economic Council (2001-2002)

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

Dr. Eric Toder, Institute Fellow, and Co-Director, Urban Institute-Brookings Institution Tax Policy Center

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, 2011

A Comment on Back in Black and Recommendations for the New Markets Tax Credits
New Markets Tax Credit Coalition, July 27, 2011

Letter to Sen. Tom Coburn on Back in Black Report
Natoinal Council of State Housing Agencies, July 29, 2011

20 Reasons to Support LIHTC
The Michaels Organization and The NRP Group

Joint Committee on Taxation Documents

2018

JCX-34-18: Estimates Of Federal Tax Expenditures For Fiscal Years 2017-2021
May 25, 2018

2017

JCX-3-17: Estimates Of Federal Tax Expenditures For Fiscal Years 2016-2020
January 30, 2017

2015

JCX-141R-15: Estimates Of Federal Tax Expenditures For Fiscal Years 2015-2019
December 7, 2015

Background Information on Tax Expenditure Analysis and Historical Survey of Tax Expenditure Estimates
February 10, 2015

2014

JCX-97-14: Estimate of Federal Tax Expenditures for Fiscal Years 2014-2018
August 5, 2014

2013

JCS-1-13: Estimate of Federal Tax Expenditures for Fiscal Years 2012-2017
February 1, 2013

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

2013 SEQUESTRATION: Selected Federal Agencies' Components Reduced Some Services and Investments, While Taking Short-Term Actions to Mitigate Effects
U.S. Government Accountability Office, May 2014

Partnerships and S Corporations: IRS Needs to Improve Information to Address Tax Noncompliance
Government Accountability Office, May 2014

Information on Estimated Revenue Losses and Related Federal Spending Programs
Government Accountability Office, March 2013

Statistics of Income: 2010 Partnership Returns Line Item Estimates
Internal Revenue Service, October 2012

Limited Information on the Use and Effectiveness of Tax Expenditures Could Be Mitigated through Congressional Attention
Government Accountability Office, March 30, 2012

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