The largest housing subsidy

August 31, 2017
The Daily Record
by Joe Nathanson

Daily Record 2017 08-31 Largest Housing Subsidy

“The Congress will soon be returning to work after its August recess and, along with other pressing matters, will be turning its attention to the task of overhauling the nation’s tax code. It’s still to be determined as to whether this will involve serious tax reform or an enthusiastic exercise in tax cutting.

Some lawmakers are particularly interested in dealing with what is regarded as the high marginal corporate tax rate making American companies less competitive in international markets. Others may be equally concerned with the high marginal rates that apply to individual incomes. While talk of revising the tax code has been generally vague to date, most of the discussion has involved lowering marginal corporate rates from a nominal 35 percent down to 15 percent. Individual filers would, under some proposals, see marginal rates of 15 percent, 25 percent or 35 percent, depending on their income brackets…”