It is determined to clean up public finances and is focusing the budget more on expenditure than tax increases, he said.
Those are certainly the type of tax expenditure reductions that could be part of tax reform or a plan to delay or eliminate the sequester.
Other large tax expenditure provisions that I did not include in this experiment include the earned income tax credit, the child credit, the exclusion of employer provided and self-employed health benefits, and the present law treatment of various forms of retirement income and pension plans.
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We addressed tax expenditure issues with the staffers, and they were open to hear us out.
Virtually any spending program can be transformed into a tax expenditure that directs money in the same way.
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For instance, special tax treatment of capital gains is considered a tax expenditure but does not substitute for spending.
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The exclusion of employer-provided health care benefits is the single largest tax expenditure.
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In effect, the fiscal impact of implementing a tax expenditure would be similar to a direct expenditure of state funds.
This is exactly the period when the government of the day was near doubling expenditure on the tax financed health care system.
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That includes all the tax expenditure analysis I have seen to date.
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Our country stands out from its peers as a tax expenditure junkie.
That would bring about deep cuts in expenditure and sharp tax rises to slash the budget deficit, a correction that analysts say could cause a new recession.
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It's entirely arbitrary to treat differential rates for different levels of income as a structural feature of the tax code but differential rates for different types of income as a tax expenditure.
Thus, in re-writing the Code, Congress should be mindful of the fact that each additional loophole, deduction and tax expenditure makes it more difficult for the IRS to enforce the Code fairly and efficiently.
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Any realistic, practical plan to limit tax expenditure cuts to a high-income group would require a phase-in of the cuts or other accommodations, which would add to marginal tax rates, reduce the potential revenue gain, and make the resulting tax change more regressive.
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If oil and gas tax has to fill the gap between other tax and expenditure, it requires some large-scale contingency planning in case it doesn't deliver on forecast.
However, as the Cato Institute studies related to state tax and expenditure limitations across many states have shown, tighter controls on state policymakers may still be needed.
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Sir Malcolm asked you to note that the whole House would continue to exercise control over tax and public expenditure.
To stamp it out, or at least to make it less fun, he wants to impose a progressive tax on household expenditure: the more you spend, the more you pay.
It appears fair to say that an increase in total government size of ten percentage points in tax revenue or expenditure as a share of GDP is on average associated with an annual lower growth rate of between one-half and one percentage point.
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The society now says it will file an amended tax return noting the expenditure.
Oil and gas industry leaders have welcomed a move by Chancellor George Osborne to clarify tax relief on decommissioning expenditure.
Despite these handicaps, within three years expenditure growth had been contained, tax rates had been cut significantly and revenue increased by nearly a third.
That European authority, he added, could have "the right to make tax increases or proportional cuts in expenditure", in a country affected.
If the progressivity of the tax code were framed as an expenditure--in the amount of all taxes paid at rates lower than 39.6%--the CBO would have found an enormous benefit to lower-income taxpayers.
"In terms of expenditure needed we'd need to treble council tax, " said the council's deputy leader, Janos Toth.
The government's budget for the fourth quarter shows tax revenues at only half the planned expenditure and this is the optimistic forecast.
The State of California, for example, has worked hard to reform its state budget with major expenditure cuts, smaller debt offerings and a voter-approved tax increase.
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