This falls into the great American author conversation and for that I would probably have to say Mark Twain or John Steinbeck. If you want to talk about lasting influence on the large literary world it is probably Edgar Allan Poe.
Tracey Chapman is an all time great, but beyond a few song probably doesn’t rise to the American Homer status. I don’t think I would put a songwriter forward for that but if you did it would have to be Dylan.
Dylan came to mind after reading the Chapman answer, not least because of his 2016 Nobel Prize in Literature "for having created new poetic expressions within the great American song tradition"