Michael Strain: How to Cut Taxes and Help the Poor: “Many tax expenditures are obscure. But several are familiar to large swaths of Americans, including the mortgage-interest deduction…. Who benefits from this subsidy?… In 2013, the mortgage-interest deduction cost a whopping $70 billion, nearly three-quarters of which accrued to households with income in the highest … Continue reading Evening Must-Read: Michael Strain: How to Cut Taxes and Help the Poor