Academic Journal
Earned Income Tax Credit Plus: A New Way to House the Working Poor
العنوان: | Earned Income Tax Credit Plus: A New Way to House the Working Poor |
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المؤلفون: | Dreier, Peter, Rodnyansky, Seva |
المصدر: | Urban Planning ; 9 ; Housing Affordability Crisis: How Can We Address It? |
بيانات النشر: | PRT |
سنة النشر: | 2024 |
المجموعة: | SSOAR - Social Science Open Access Repository |
مصطلحات موضوعية: | Städtebau, Raumplanung, Landschaftsgestaltung, Sozialwissenschaften, Soziologie, Landscaping and area planning, Social sciences, sociology, anthropology, earned income tax credit, housing affordability, housing choice voucher, low-income families, Raumplanung und Regionalforschung, Sonstiges zur Sozialpolitik, Area Development Planning, Regional Research, Other Fields of Social Policy, Wohnungswesen, Wohnungsmarkt, USA, Haushaltseinkommen, Subvention, Zuschuss, Niedrigeinkommen, housing, housing market, United States of America, household income, subsidy |
الوصف: | The housing affordability crisis is one of the defining features of the US today. The demand for housing subsidies outstrips supply by a factor of at least 4 to 1. Moreover, housing affordability varies greatly between and within metropolitan areas. This article proposes a new federal policy - the Earned Income Tax Credit (EITC) Plus - to decrease housing cost burdens for working households by combining aspects of two major federal programs, the EITC, a tax-based subsidy for low-income working households, and the Housing Choice Voucher, a subsidy that pays the difference between 30% of household income and rent. We propose an EITC housing supplement via the tax code for markets where income and current EITC benefits are below 30% of rent levels. It will reduce the housing affordability crisis and reduce the geographic disparities of the Housing Choice Voucher. We simulate the cost at $101 billion nationally (based on 2021 figures). Varying program rules and parameters can significantly reduce costs. Piggybacking on the EITC simplifies the proposal's implementation and increases its political palatability. |
نوع الوثيقة: | article in journal/newspaper |
اللغة: | unknown |
Relation: | https://www.ssoar.info/ssoar/handle/document/97895; https://www.cogitatiopress.com/urbanplanning/article/view/8526/4050; https://doi.org/10.17645/up.8526 |
DOI: | 10.17645/up.8526 |
الاتاحة: | https://www.ssoar.info/ssoar/handle/document/97895 https://www.cogitatiopress.com/urbanplanning/article/view/8526/4050 https://doi.org/10.17645/up.8526 |
Rights: | Creative Commons - Namensnennung 4.0 ; Creative Commons - Attribution 4.0 |
رقم الانضمام: | edsbas.ED58C9FA |
قاعدة البيانات: | BASE |
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