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Congressman Glenn Grothman Introduces Bill to End Housing Tax Program That Enriches Developers and Fails Tenants - KFIZ News-Talk 1450 AM
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Congressman Glenn Grothman Introduces Bill to End Housing Tax Program That Enriches Developers and Fails Tenants - KFIZ News-Talk 1450 AM
Congressman Glenn Grothman (R-WI), joined by Congressman Paul Gosar (R-AZ) introduced the Low-Income Housing Tax Credit Elimination Act, which will repeal the Low-Income Housing Tax Credit (LIHTC), an outdated, costly, and ineffective program that has primarily enriched politically-connected developers and banks, while doing little to reduce housing costs for low-income Americans. Currently, LIHTC provides tax credits to developers to subsidize …
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