Senate Panel Defeats Effort to Make Tax Credit Values More Transparent

An amendment by Sen. Tom Coburn, R-OK, requiring a database of most federal spending to include information about recipients and values of tax credits was defeated this morning by a Senate panel.

The amendment would have added a major chunk of tax credit data to USASpending.gov, the federal spending database created as a result of the Federal Financial Accountability and Transparency Act of 2006 (FFATA). Included would have been recipients of any tax credits included in the current tax extenders legislation now being considered in Congress.

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