US Politics in Trump era Public date: 03.10.2019 13:07:34

1 Dec 2017

US spends twice as much on tax break for rich as on rent for the poorest

The US government spends more than twice as much subsidizing the tax break for affluent homeowners, who would most likely be able to afford their homes anyway, as it does on helping the poorest families pay rent  and avoid homelessness – $60.1bn versus $29.9bn in 2015. As Congress tackles tax reform, advocates and economists of all political stripes are appealing for the tax break to be addressed, but the chances of that are uncertain.
The US government spends more than twice as much subsidizing the tax break for affluent homeowners,...

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