Comment on The government's hidden housing subsidy for the rich

The government's hidden housing subsidy for the rich

In the long-running debate over housing subsidies, experts tend to focus on the mortgage interest deduction, a $70 billion tax break that functions as an expensive subsidy for wealthy Americans. But there are lesser-known government programs that also have the same problem—and are ripe for reform. We don’t think of them this way but one of them is flood insurance.

 

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