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
Alaskan Governor Mike Dunleavy delivers remarks at Joint Base Elmendorf-Richardson in Anchorage, Alaska, on September 11, 2023. (Getty Images)