‘Foong on Finance’ with Keat Foong: Will the Deficit Commission Propose to Eliminate the LIHTC Program?

By Keat Foong, Executive Editor

The chairmen of the president’s commission to reduce the federal deficit released their proposals yesterday.  

Meanwhile, the release of the full committee’s recommendations is scheduled for Dec. 1. Congress is expected to vote on the recommendations.

Some say the commission’s package of proposals to reduce the federal deficit would include recommendations to shelve the Low Income Housing Tax Credit program.