Who is paying the taxes in this case

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In effect, The CRA and actions of Fannie Mae and Freddie Mac acted to subsidize home purchases by people who would otherwise not have purchased houses. All subsidies must be financed by taxes, implicit or explicit, on someone. Who is paying the "taxes" in this case? Explain

Reference no: EM13335862

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Who is paying the taxes in this case : In effect, The CRA and actions of Fannie Mae and Freddie Mac acted to subsidize home purchases by people who would otherwise not have purchased houses. All subsidies must be financed by taxes, implicit or explicit, on someone. Who is paying the "taxe..

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