Here's how it works (per @ConorDougherty's article the other year): https://www.nytimes.com/2018/01/18/business/economy/tax-housing.html …pic.twitter.com/z81Hn9lEUt
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Here's how it works (per @ConorDougherty's article the other year): https://www.nytimes.com/2018/01/18/business/economy/tax-housing.html …pic.twitter.com/z81Hn9lEUt
So yeah, if you are advocating for more affordable housing, you probably also happen to be simultaneously advocating for tax shelters:https://www.latimes.com/archives/la-xpm-1991-11-17-fi-537-story.html …
Are you suggesting by quote tweeting this that you think I'm unfamiliar with the LIHTC...?
They definitely didn’t call it charity in their post. The language they used was investment.
people do not
Given that the American federal (and state) govts make housing unaffordable by offering tax breaks on mortgage interest... all tax breaks are hugely distorting hidden subsidies.
Perhaps this is both true and not great
"do people not realize the primary way most working class people afford food, shelter, and other basic commodities is by selling their labour power to large corporations??"
Fascinating and clever!
Who's lobbying the government to do that? Wealthy industries and corporations, many of whom pay zero federal taxes.
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