And a tax expenditure of $1 has the same effect on the debt and the deficit as direct spending of a $1.
Sheldon Whitehouse: “And a tax expenditure of $1 has the same effect on the debt and the deficit as direct spending of a $1.”
On the recordJanuary 31, 2017
Source
congress.govEditor's note · Context
Discussing the impact of tax expenditures on federal debt and deficit.
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