World

My Big Tax Break Looks a Lot Like Your Big Spending: Ezra Klein

July 21 (Bloomberg) -- I spent time digging through the federal budget this week, and I concluded that Republicans are right: There is plenty of spending to cut. For instance, we’ve got one government program that hands people money to buy houses that, in most cases, they would buy anyway. They get even more money if they buy a more expensive house. Over the next five years, that program alone will cost almost $500 billion.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.