Lawmakers Consider Cutting Tax Deductions to Bring Down the Deficit
While tax breaks are popular, their future may be limited. Congressional leaders are deliberating on how they can increase revenue in order to bring down the deficit, and deductions may be on the chopping block. Paul Solman explores write-offs for charitable donations, mortgage interest and state and local taxes.
This video is from the Making Sen$e with Paul Solman video series from PBS. Learn more about these videos and view a listing of the most recent videos we have available.
Key Concepts
Incentive, Role of Government, Taxation, Federal Budget, Fiscal Policy, Income Tax, Taxes, Recession, Proportional Tax, Regressive Tax
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