Critical Value #45 How America Spends through the Tax Code
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At $1.4 trillion per year, tax expenditures are an enormously important way our government spends money. But these provisions in the tax code, like the home mortgage interest deduction and the earned income tax credit, often receive less scrutiny than direct spending for programs like Medicare or Social Security. Speaking to host Justin Milner, Institute fellow Frank Sammartino and codirector of the Urban-Brookings Tax Policy Center Eric Toder explain how tax expenditures work, who they benefit, and why taxpayers should pay more attention.

Related links:
TPC Launches a New Resource For Understanding Tax Expenditures
Tax Expenditures Feature Page

Research Areas Taxes and budgets
Tags Federal budget and economy
Policy Centers Urban-Brookings Tax Policy Center