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tax expenditure
noun
- any reduction in government revenue through preferential tax treatment, as deductions or credits.
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Example Sentences
It is of course the biggest middle-class "tax expenditure" in the land, as well as the greatest boon to home ownership.
From The Daily Beast
The tax exclusion for employer-provided health benefits is the biggest tax expenditure in the tax code: $130 billion a year.
From The Daily Beast
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