The main goal of Congress in offering tax credits is to collect additional revenues.

Question

Quizplus · Accepted Answer

The main goal of Congress in offering tax credits is actually to incentivize certain behaviors, such as investing in renewable energy or providing childcare, and to reduce the tax burden on individuals and businesses that engage in those behaviors. By doing so, Congress hopes to stimulate economic growth and promote social goods. While tax credits may lead to reduced revenues in the short term, they can often generate positive long-term impacts on the economy and society.

The Main Goal of Congress in Offering Tax Credits Is