The Hidden Budget: Tax Expenditures -- The Advisory Committee on Transparency
Channel: SunlightFoundation
Date: 16/06/2011

http://transparencycaucus.org/ 

Advisory Committee on Transparency: The Hidden Budget: Tax Expenditures -- Panel Discussion June 13, 2011

In a fiscal climate where every penny counts, the rough equivalent of one-quarter of this year's federal budget went to tax breaks known as "tax expenditures," amounting to around 1 trillion dollars. Compared to traditional government spending through contracts and grants, tax expenditures are harder to track, subject to less congressional oversight, and caught up in ideological debates over definitions. The Advisory Committee on Transparency's panel of experts explored the trillion dollar question of how tax expenditures fit into the overall budget process. Panelists included:

William Beach, Director, Center for Data Analysis, the Heritage Foundation

Robert Carroll, Principal, Ernst & Young's Quantitative Economics and Statistics Group; former Vice President for Economic Policy at the Tax Foundation; former Deputy Assistant Secretary for Tax Analysis, Office of Tax Policy, Treasury Department

Thomas Hungerford, Specialist in Public Finance, Congressional Research Service

Lori Metcalf, Project Manager, SubsidyScope, The Pew Charitable Trusts
The Honorable Mike Quigley, Fifth District of Illinois

Daniel Schuman, Moderator, Policy Counsel, the Sunlight Foundation

Eric Toder, Institute Fellow, the Urban Institute; Director, Office of Research, IRS (2001-04); Deputy Assistant Secretary for Tax Analysis, Treasury Department (93-96); Deputy Assistant Director for Tax Analysis, CBO (84-91); Financial economist and deputy director, Office of Tax Analysis, U.S. Treasury Department (76-84)

To learn more about this and future ACT events, please visit: http://transparencycaucus.org

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License: Creative Commons Attribution 3.0 United States
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