Offers policy recommendations for tax breaks and provides examples of unjustifiable tax breaks. The report includes three papers: "Evaluating Tax Incentives as a Tool for Social and Economic Policy"; "Tax Expenditures in the Federal Budget"; and "Tax Breaks and Behavior: A Review of Evidence".

In a time of both budget surpluses and hostility toward government spending, tax breaks are politically appealing. But most tax breaks fail tests of transparency, accountability, and progressivity. This report, prepared by The Century Foundation Working Group on Tax Expenditures, offers broad policy recommendations as well as numerous examples of unjustifiable tax breaks.