Wednesday, April 16, 2008

Federal Gov Spending to Promote Economic Mobility.

New report issued by Pew Economic Mobility Project.

One page Key Findings version of report is HERE; full report is HERE.

From Key Findings version:

"Approximately 72 percent of this $746 billion mobility expenditure (or $540 billion) is delivered mainly through employer-related work subsidies, homeownership subsidies, and savings and investment incentives in the form of tax subsidies that are usually unavailable to those with low incomes as they tend to owe little or no tax. ....$158 billion from homeownership.."

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