A loss of tax revenue due to federal laws that provide special tax incentives or benefits to individuals or businesses is known as a(n)

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A tax expenditure refers to a loss of revenue resulting from special tax provisions or incentives, such as deductions or credits, provided to individuals or businesses by federal laws. These provisions represent a form of government spending through the tax code, as they have the effect of reducing the amount of taxes that would otherwise be collected.

A Loss of Tax Revenue Due to Federal Laws That