CBO: Tax Breaks Cost $12 Trillion Over Decade, Benefit Most Wealthy

5min Business

by 5min Business

The CBO reports in a new study that Washington's tax spending budget -- comprised of everything from mortgage deductions to the child tax credit to lower tax rates on capital gains -- is technically larger than Medicare, Defense, or Social Security. Guests Nick Hanauer and James Pinkerton join Alyona to discuss.