Professor Deanna Newton Presents "Teaching Taxation: Tax Policy and Housing Affordability" -- ABA Tax Section

Professor Deanna S. Newton presented "Teaching Taxation: Tax Policy and Housing Affordability" for the ABA Tax Section's Virtual Fall Meeting. Professor Newton presented with co-panelists Michelle Layser and Michael Santos. The meeting took place on September 23-27.

From the ABA Tax Section:

Tax laws like the mortgage interest deduction, capital gains tax exemptions and the low-income housing tax credit have long been used to subsidize housing markets. These tax-based subsidies sit alongside nontax interventions, such as mortgage guarantees, government loan programs, housing vouchers, and public housing. Nevertheless, many Americans struggle to keep up with rising housing costs, and they are experiencing rent burdens or are unable to afford to buy a home. For this reason and others, President Biden and members of Congress have proposed various tax-based interventions to further subsidize housing markets, including assistance for renters and homebuyers. This panel will (i) provide context on current federal housing policy landscape; (ii) describe recent tax proposals affecting homeowners and renters, (iii) identify legal and practical issues raised by such proposals, and (iv) reflect upon the potential and limitations of the tax-based approach.

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