The Center on Budget and Policy Priorities, a John D. and Catherine T. MacArthur Foundation grantee, proposes a renters' tax credit to improve the effectiveness and equity of the nation's housing expenditures. Currently, federal spending on housing favors homeownership over renting and targets a larger share of subsidies toward higher-income households. The Center recommends the renters' tax credit as a step toward a more balanced housing policy. Capped at $5 billion, it would assist 1.2 million of the lowest-income renters and lift 250,000 families out of poverty. Read a fact sheet on key features of the Center's proposal.
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