A "tax expenditure" is the amount of tax revenue that Congress budgets for social programs.

Name: A "tax expenditure" is the amount of tax revenue that Congress budgets for social programs.
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A tax expenditure is actually a provision in the tax code that reduces a taxpayer's liability by allowing deductions, exclusions, or credits for certain activities, such as charitable donations or mortgage interest payments. It is not a budgeted amount for social programs.

A "Tax Expenditure" Is the Amount of Tax Revenue That