“This sounds very much like what defenders of these tax breaks always say, which is that ‘we would benefit from extending them,’” Gardner said. “That’s a very different question from whether they are good tax policy.”
Bloomberg: Horse Racing Tax Credit Backers Not Deterred by House Setback
media mentionMatthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, said there are sensible reasons to ask whether these tax breaks are more generous than they should be. ITEP is among organizations that have criticized the practice of extending temporary tax break and asked Congress to do away with them.