A rent deduction would mostly enrich landlords rather than help low-income renters.
Evidence
Personally, I fall on the nondeductible side for a few reasons. First, allowing a rent deduction would likely enrich only landlords, who would increase rents to take advantage of the new tax break. And given that renters are disproportionately low-income, a deduction won’t help those who simply take the standard deduction, or are already too poor to pay federal income taxes. — Dorothy A. Brown, Getting to Reparations, 1286
Categorization
Category: Causal Relationships