As President Donald Trump aims to make America affordable again and cut costs for American families, special interests are concurrently working against the MAGA agenda by trying to add provisions into Trump’s “One Big, Beautiful Bill.”  

One of these is the expansion of the low-income housing tax credit (LIHTC), a giveaway to corporate developers to build expensive housing while increasing the deficit. LIHTC projects cost 20% more than the nonsubsidized industry average and expanding the credit under the Senate’s version would cost roughly $15.7 billion over a decade. 

Though most of the attention has focused on larger items in the bill, special-interest giveaways such as raising the state and local tax deduction cap, deferring phaseouts for certain green energy subsidies, and expanding the low-income housing tax credit undermine Trump’s plan to make America affordable again. They undercut the One Big Beautiful Bill Act’s intention to provide relief for American families while providing none of the supposed benefits promised to its supporters.  

Under the House version, the 9% LIHTC allocation would increase by 12.5% and the private activity bond financing threshold would be lowered from 50% to 25%,........

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