Follow the Money
by Lisa Davidson, Senate Minority Blog, February 6, 2014
To the majority of taxpayers who are not accountants, the amount of money that government is currently spending in the esoteric categories of “tax exclusions,” “tax exemptions,” “tax deferrals,” “preferential tax rates,” and “tax credits”–though significant–essentially becomes invisible.
Senator Slom is firmly committed to transparency in government, and has introduced SB2153 to require the Department of Taxation to provide an annual report on the estimated costs of all tax expenditures, as well as an analysis on whether or not the expenditures have achieved their intended purposes. This way, state government is held accountable for the cost-effectiveness of every type of tax expenditure.