Performance Budgeting and Management White Papers
The Anticipated Corporate Tax Package: Watch Out for Gimmicks and Giveaways
Overview The House- and Senate-passed corporate tax bills - and thus presumably the conference agreement that will emerge - would raise substantial revenues. The revenue-raising provisions, such as repealing the FSC-ETI export subsidy and curbing corporate tax shelters, generally represent positive steps and sound policy. Unfortunately, these savings are not being used to reduce the deficit or meet other pressing priorities, but rather are being plowed back into more tax breaks mostly for corporations. This comes at a time when corporate revenues are at historically low levels, and evidence of tax-avoidance schemes by corporations is abundant.
| Publisher | Center on Budget and Policy Priorities | File Format | PDF, requires Acrobat Rdr 5 |
|---|---|---|---|
| Date Published | October 2004 | ||
| Format | White Papers | ||
| Topics | |||
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