While fewer than 1/4 of low-income Americans receive federal housing subsidies, more than 3/4 of wealthy Americans get housing aid from Washington in the form of tax breaks.

Question

Quizplus · Accepted Answer

This statement is true. According to a report by the Congressional Budget Office, only about 23% of eligible low-income households receive federal housing subsidies, while more than 75% of wealthy households receive housing aid in the form of tax breaks. These tax breaks include deductions for mortgage interest, property taxes, and capital gains on home sales.

While Fewer Than 1/4 of Low-Income Americans Receive Federal Housing