The tax code is so full of tax breaks that this year will cost the federal government more than $1 trillion – as much as all discretionary spending in the federal budget. Tax breaks are all different kinds of credits, deductions, and exclusions that allow people to reduce the amount they ...

$1,034,401,772,556. That’s the cost to the U.S. Treasury since 2001 from Bush tax cuts for the wealthiest 5 percent of Americans—as of the moment I started writing this blog post. National Priorities Project and Citizens for Tax Justice today released CostOfTaxCuts.com, a site that has a real-time ticker showing the ...