POL 12000 Lecture Notes - Lecture 23: Child Tax Credit, Tax Expenditure, W. M. Keck Observatory

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23 Nov 2022
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State programs are not as visible delegated governance. " directly governed program : public bureaucracies populated by government employees administering programs. Delegated governance : governments use private entities to run programs privatized contractors: traditional model : gov"t hires its own employees. Privatized model : gov"t pays private company who hires employees. " us corporate tax rate : 21 % " some corps have negative tax rates in reality. Tax expenditures : subsidies (gov"t payments) delivered through the tax code as deductions , exclusions , and other tax preferences. Like a govt program , except done through the tax code. " however , tax code is very complex (cid:12200) : child tax credit , renewable energy , retirement accounts why so many policies. Disagreement between parties over level of government spending. " solved disagreement through tax expenditures - distribution of federal aid without gov"t spending / increased programs perception of submerged state.

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