Reforming Tax Expenditures Can Reduce Deficits While Making the Tax Code More Efficient and Equitable #p2 #tcot

Reforming Tax Expenditures Can Reduce Deficits While Making the Tax Code More Efficient and Equitable
Recent Proposals Underscore Bipartisan Support for Reform

By Chuck Marr and Brian Highsmith

"Several developments suggest growing interest among policymakers in reforming tax expenditures as part of broader tax reform that contributes significantly to deficit reduction

"With the federal budget on an unsustainable path, our country's fiscal problems need to be addressed in a way that is both effective and equitable.  Scaling back and reforming [costly] 'tax expenditures' — spending that is delivered through the tax code rather than government programs — should be an important part of that effort."