Changes

'''Tax expenditures''' include credits (such as the child tax credit) and deductions (such as home mortgage deduction<ref>[http://www.concordcoalition.org/publications/facing-facts/1996/0913/back-door-entitlement The Back-Door Entitlement], The Concord Coalition.</ref> and the new [[Obamacare]] tax credit<ref>[http://oversight.house.gov/wp-content/uploads/2012/02/10-27-11_Obamacares_Subsidies_and_Tax_Distribution_Final.pdf Impact of the Obamacare Tax Credits], House Committee on Oversight and Government Reform, Staff Report, October 27, 2011.</ref>) that are targeted only to those tax filers who are eligible and not to everyone, and when used by tax filers, reduce federal revenues that would otherwise have been collected.  

'''Tax expenditures''' include tax credits (such as the child tax credit) and deductions (such as home mortgage deduction<ref>[http://www.concordcoalition.org/publications/facing-facts/1996/0913/back-door-entitlement The Back-Door Entitlement], The Concord Coalition.</ref> and the new [[Obamacare]] tax credit<ref>[http://oversight.house.gov/wp-content/uploads/2012/02/10-27-11_Obamacares_Subsidies_and_Tax_Distribution_Final.pdf Impact of the Obamacare Tax Credits], House Committee on Oversight and Government Reform, Staff Report, October 27, 2011.</ref>) that are targeted only to those tax filers who are eligible and not to everyone, and when used by tax filers, reduce federal revenues that would otherwise have been collected.  

The policy is widely accepted that tax expenditures are a form of spending and analogous to [[discretionary spending]] or [[mandatory spending]] for those who meet statutory criteria. <ref>http://www.naeyc.org/files/naeyc/file/policy/federal/Budgetbackgrounder.pdf</ref>

The policy is widely accepted that tax expenditures are a form of spending and analogous to [[discretionary spending]] or [[mandatory spending]] for those who meet statutory criteria. <ref>http://www.naeyc.org/files/naeyc/file/policy/federal/Budgetbackgrounder.pdf</ref>