Tax News Bulletin 02.24.17
Today’s Tax News
- Paul Caron, editor of TaxProfBlog, shares a Pew Charitable Trusts report on How Governments Support Higher Education Through the Tax Code (2017): “These tax provisions — special deductions, credits, exclusions, and exemptions — allow people to reduce their income tax liability and result in lower federal and state government revenue. They are called tax expenditures because they are similar to direct spending both in their budgetary impacts and in the way they can benefit recipients. The tax code contains many such provisions that support specific policy priorities, of which higher education is just one.”
- Trump spoke positively about the Republican push for a border adjustment tax. Research fellows at the Mercatus Center don’t have such nice things to say.
- The Economist doesn’t think robots should be taxed.