Abstract

Reforming the Mansion Subsidy
Dreier, Peter | May 2, 1994 issue

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In the recent infighting over the U.S. President Bill Clinton administration's budget, Henry Cisneros, Secretary of Housing and Urban Development, emerged a winner. His agency received a $1 billion increase to $26 billion, most of which is targeted for the poor. Most Americans think federal housing assistance is a poor people's program. In fact, fewer than one-fifth of all low-income Americans receive federal housing subsidies. he homeowner deduction is a government subsidy that goes primarily to the affluent. In a perversion of progressive tax policy, those with the highest incomes and the most expensive homes get the largest subsidy.

See Also:

HOUSING -- Finance; ECONOMIC assistance, Domestic; EXPENDITURES, Public; CLINTON, Bill, 1946-; PUBLIC housing; HOUSING subsidies; UNITED States
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