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117040 1 (1981-12-09)

handle is hein.gao/gaobacssu0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D. C. 20548 FOR RELEASE ON DELIVERY 2:00 P.M. December 9, 1981 Statement of Harry S. Havens Assistant Comptroller General before the Committee on Rules 117040 House of Representatives on Proposed Controls of Tax Expenditures Mr. Chairman and Members of the Committee: I welcome this opportunity to discuss the proposal for better controls over tax expenditures in H.R. 4882. As you requested, I will address the following four subjects: --the nature and economic effect of tax expenditures; --the relationship of tax expenditures to the Con ressional budget process; --the merits of setting annual ceilings in tax expenditures through budget resolutions; and --alternative approaches to the control of tax expenditures. THE NATURE AND ECONOMIC! EFFECTS OF TAX EXPENDITURES Tax expenditures which are sometimes referred to as tax subsidies, tax incentives, or tax preferences, are designed to grant tax relief to particular groups of taxpayers, in order to promote or subsidize certain private or business activities.

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