“Spending-Like Tax Preferences” Were 4% of GDP In 2007
July 22, 2011 at 04:47 AM EDT
That’s a lot of spending through the Tax Code as described by Urban-Brookings Tax Policy Center Director Donald Marron at lunch today before the National Economists Club — between $600 billion and $700 billion annually, and that’s counting both individual income and corporate tax preferences, but corporate preferences are small in comparison. In the last [...]