December 13, 2012
Pew: Creating Fiscally Sound State Tax Incentives
The Pew Charitable Trusts, Avoiding Blank Checks: Creating Fiscally Sound State Tax Incentives:
Reliable cost estimates and annual cost controls for tax incentives have helped states promote job creation and economic growth while avoiding unexpected budget challenges. But Pew’s analysis shows that policy makers often create tax credits, deductions, and exemptions without these tools, raising the risk of budget shortfalls and unplanned spending cuts or tax increases to close them.
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