E-mail this story
A housing tax credit that helps
Hoping to vastly simplify the federal tax code, leaders of the Senate Finance Committee have suggested wiping out all tax breaks not shown to either boost economic growth, make the tax code more fair or effectively promote other important policy goals. Because the most costly tax breaks are so politically entrenched, lawmakers may focus instead on doing away with the smaller credits, deductions and exemptions. One that deserves to be preserved, however, is the comparatively small but vital credit for the construction of rental housing for the working poor.
July 26, 2013