If the present tax structure is the normal tax baseline, then which of the following statements is true?
A. The level of tax expenditures cannot be estimated.
B. The level of tax expenditures rises as the economy expands.
C. The level of tax expenditures is larger than under the reference tax law baseline.
D. The level of tax expenditures equals zero.
A. The level of tax expenditures cannot be estimated.
B. The level of tax expenditures rises as the economy expands.
C. The level of tax expenditures is larger than under the reference tax law baseline.
D. The level of tax expenditures equals zero.