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Research report

Evaluating Broad-Based Approaches for Limiting Tax Expenditures

Eric Toder, Joseph Rosenberg, Amanda Eng
July 10, 2013
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Abstract

This paper evaluates six options to achieve across-the-board reductions to a group of major exclusions and deductions in the income tax: (1) limiting their tax benefit to a maximum percentage of income, (2) imposing a fixed dollar cap, (3) reducing them by fixed-percentage amount, (4) limiting their tax saving to a maximum percentage of their dollar value, (5) replacing them with fixed rate refundable credits, and (6) including them in the base of the existing Alternative Minimum Tax (AMT). We discuss issues of design, implementation, and administration, and simulate the revenue, distributional, and incentive effects of the various options.

Research Area

Campaigns, Proposals, and Reforms Budget proposals Federal Budget and Economy Federal revenue Individual Taxes Alternative minimum tax (AMT) Tax administration (individual)
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Meet the Experts

  • Eric Toder
    Institute Fellow and Codirector, Tax Policy Center
  • Joseph Rosenberg
    Senior Research Associate
  • Amanda Eng
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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