Asbestos is found in rocks and soil. These mineral fibers have worked well for manufacturers for many reasons. For starters, theyâre flexible and resistant to heat, chemicals, and electricity. Thatâs why they were widely used for years to make construction materials, automotive parts, and even textiles.
A tax expenditure program is government spending through the tax code. Tax expenditures alter the horizontal and vertical equity of the basic tax system by allowing exemptions, deductions, or credits to select groups or specific activities.
When measured in dollars, much more of the tax expenditures go to higher-income households than to lower-income households. As a percentage of peopleâs income, tax expenditures are greater for the highest-income and lowest-income households than for households in the middle of the income distribution..