With the GOP and the Democrats looking to end various tax breaks to finance tax cuts, a new...

|By:, SA News Editor

With the GOP and the Democrats looking to end various tax breaks to finance tax cuts, a new Congressional report shows that exemptions amount to over $1T/year - around the same amount as the budget. The biggest breaks are those for employer-provided health insurance and pensions, which are forecast to reach $164.2B and $162.7B respectively in 2014.