Question: This question is for topics regarding Public Economics. Please answer THOROUGHLY and accordingly. The largest tax break for most Americans is the mortgage interest tax

This question is for topics regarding Public Economics. Please answer THOROUGHLY and accordingly.

The largest tax break for most Americans is the mortgage interest tax deduction, which allows homeowners to deduct from their taxable income the amount of money they pay in interest to finance their homes.

This tax break is intended to encourage homeownership. Compare this tax deduction to a uniform tax credit

for homeownership on equity and efficiency grounds.

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