<p>TPC Report Examines Tax Expenditure Trends</p>

TPC Report Examines Tax Expenditure Trends

Urban-Brookings Tax Policy Center

The overall sum of federal tax expenditures has been reduced by the Tax Cuts and Jobs Act, but will rise to 7.6 percent of GDP by 2029 after the expiration of most of the law’s provisions, according to a report released April 20 by the Urban-Brookings Tax Policy Center.

<p>The overall sum of federal tax expenditures has been reduced by the Tax Cuts and Jobs Act, but will rise to 7.6 percent of GDP by 2029 after the expiration of most of the law’s provisions, according to a report released April 20 by the Urban-Brookings Tax Policy Center.</p>