We worry about growing inequality and the dwindling middle class, and advocate various policies to reverse these trends. And yet at the same time, we talk about reducing or eliminating the tax deduction that does the most to promote a more equal distribution of economic well-being.

Caption
Secretary of State Marco Rubio speaks to reporters after watching people board a repatriation flight bound for Colombia in Panama City on February 3, 2025. (Mark Schiefelbein/AFP via Getty Images)