What is a Tax Expenditure?

It is becoming more common these days to define a tax exemption, subsidy, loophole or exclusion as a tax expenditure. That can seem a little confusing until you understand what is happening. Catherine Rampell in an article entitled Tax Breaks: A … Continue reading

Washington State Supreme Court Decision Will Make Tax Exemption Reform Easier

The Washington State Supreme Court  ruled on February 28, 2013 that Tim Eyman’s Initiative 1053 was unconstitutional. The ruling is a huge win for Washington State taxpayers because it throws out the supermajority vote requirement  to close any tax loophole … Continue reading