In 2023, the tax expenditure on coal for general services in the US stood at a certain value. From 2024 to 2028, there is a moderate, yet consistent growth trend in tax expenditures from $2.97 million to $3.27 million (constant 2020 dollars). Year-on-year growth reveals slight increases around 2-3%, reflecting a steady rise. The five-year compound annual growth rate (CAGR) indicates an upward trend, albeit gradual.
Future trends to watch for include potential policy shifts towards renewable energy that might affect coal expenditure. Additionally, economic factors influencing inflation could impact the real value of tax expenditures.
