What Is A Tax Expenditure? Why It Matters..

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In preparation for tax reform discussions, the Joint Tax Committee produced a document tracking and explaining “tax expenditures” from 2012-2017. The report lays out estimates of many of the energy tax provisions expected to be debated later this year, many of which have already been targeted by legislative proposals. The report highlights the near quadrupling of tax expenditures from pipeline investments over the next few years. A copy of the report can be viewed here: https://www.jct.gov/publications.html?func=download&id=4503&chk=4503&no_html=1