Features Articles related to Mortgage Interest Deduction, LIHTC
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Tax Programs & Policy Resources
On Thursday or Friday of this week, the House of Representatives will vote on tax reform legislation that will increase the severity of the affordable housing crisis. It is critical that members of Congress hear from you about the impact in your community.
BACKGROUND
Comprehensive tax reform…
The House Ways and Means Committee approved the Republican tax reform bill, the “Tax Cuts and Jobs Act” (HR 1), by party-line vote of 24-16 on November 9, after four days of marathon debate. The House will likely vote on passing the bill later this week. NLIHC has significant concerns with…
A report released by NLIHC and the Institute on Assets and Social Policy (IASP) at Brandeis University, Misdirected Investments: How the Mortgage Interest Deduction Drives Inequality and the Racial Wealth Gap, shows that the mortgage interested deduction (MID) disproportionately benefits white…
The House of Representatives passed by a vote of 219-206 a budget resolution on October 5 that proposes massive cuts to crucial safety net programs to pay for increases in defense spending and tax cuts that would largely benefit wealthy Americans. The Senate Budget Committee passed their version of…