Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
How Tax Expenditures Skew Federal Budgets
Lucas and Luna dissect the often-overlooked world of tax expenditures, where billions in revenue are forgone through targeted credits and deductions. Focusing on the recent debate over expanding the Child Tax Credit, they explore how these invisible subsidies function as unapproved spending programs. With concrete examples from corporate R&D credits to residential energy incentives, the hosts reveal why tax policy is effectively a shadow budget. This episode clarifies the mechanics behind these fiscal levers, showing listeners how specific provisions impact household finances and corporate…
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