Through its power to grant tax expenditures, the national government provides financial support to which of the following groups?

Question

Quizplus · Accepted Answer

The national government provides financial support to all of these groups through its power to grant tax expenditures. Tax expenditures are government programs that provide financial support to certain groups by allowing them to reduce their taxable income or receive tax credits. Homeowners receive tax breaks for mortgage interest payments, individual taxpayers receive tax deductions for charitable donations, businesses receive tax credits for research and development expenses, and state and local governments receive tax exemptions for certain types of bonds. Therefore, all the given options are correct.

Through Its Power to Grant Tax Expenditures, the National Government