The current
annual federal expenditure on the EITC is about $ 65 billion.
Not exact matches
More than $ 16 billion of
annual «tax
expenditures» never show up on the
federal government's books, according to a new report from the C.D. Howe Institute.
It includes every entitlement or mandatory benefit program with
annual federal and state
expenditures of over $ 10 billion other than veterans» and
federal retirement programs.
Government intervenes in numerous ways, including roughly $ 26 billion in
annual spending by the
federal government on programs and tax
expenditures to support the care and education of young children.
Table 1 lists each
federal program within the focus I've described that has an
annual level of
expenditure conditional on children that is greater than $ 1 billion.
Annual value to family provides either a statutory amount of
federal benefit (in the case of tax
expenditures) or the average
expenditure per child (for programs in which total
expenditure and number of participants are known but benefits vary with characteristics of individual recipients).
The
federal government's
annual budget is balanced when its revenues from taxes and user fees equal its
expenditures.
The existing
federal annual expenditure on childcare of $ 26 billion plus a portion of the
federal tax
expenditure for charitable contributions is more than sufficient to cover the $ 42 billion bill, while leaving a substantial charitable contribution deduction in place.
Back in 1975 when the special education law was passed, Congress set a path for the
federal government to contribute 40 percent of the state average
annual per - pupil
expenditure.
NAESP urges the President and Congress to make
annual incremental increases to
federal funding for special education so it can ultimately fulfill its promise to fund 40 percent of the national average per - pupil
expenditure for students receiving IDEA services.
State and
Federal resources will be used to support FDOT's final acceptance payments ($ 686 million year of
expenditure) and availability payments ($ 65.9 million
annual Maximum Availability Payment in 2009 dollars) made to I - 595 Express, LLC.