Tax Programs & Policy

Features Articles related to Mortgage Interest Deduction, LIHTC

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Tax Programs & Policy Resources

House and Senate Committee Vote on Budget Resolutions

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…

Trump’s Tax Plan Gives Greatest Benefit to Top Earners

A report by the Tax Policy Center (TPC) estimates that President Donald Trump’s tax proposals would decrease federal tax revenue by $3.5 trillion over the first decade after implementation and by another $5.7 trillion in the second decade. The highest-earning 1% of taxpayers would see their after-…

Mortgage Interest Deduction Reform Assessed for Different Populations

The analysis found that both of the Obama administration’s proposals for modifying the MID would result in greater reduction in after-tax income for those in higher tax brackets versus lower-income taxpayers. However, lowering the MID to 28% of interest paid would raise taxes for only the highest…