Looking For A House?
Congress has failed to address the affordable housing crisis in the United States of America. Each year, Congress spends about $200 billion to help house American families. A full three-fourths of these resources go to help subsidize the homes of the richest families through the mortgage interest deduction and other homeownership tax benefits. We spend about $11 billion each year to subsidize the houses of the top 1% . This means that we provide more housing assistance to help the richest 7 million households – who earn more than $200,000 a year – than to help the 55 million households…
