CA can't even get rid of a tax break for vacation and second homes that would generate $300-400M for affordable housing. Cc @DavidChiuhttps://twitter.com/dillonliam/status/889554677943025664 …
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It isn't a subsidy, any more than allowing deductions for interest paid on a brokerage margin account is a 'subsidy'. Abuse of language.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Those vouchers would be a lot cheaper if Section 8 didn't put them in luxury apartments.http://www.chicagobusiness.com/article/20140726/ISSUE01/307269984/poor-families-use-supervouchers-to-rent-in-citys-priciest-buildings …
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this is just not the case for how it is implemented in most parts of the country: http://www.sfchronicle.com/bayarea/article/HUD-raises-Section-8-rent-benchmark-in-2-Bay-Area-6835010.php …
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Like any investment expense deduction, it primarily benefits people with substantial investments. Would you bar deducting bond interest too?
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