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Mortgage Interest Deduction in danger....

Posted on 7/10/13 at 4:05 pm
Posted by MoreOrLes
Member since Nov 2008
19472 posts
Posted on 7/10/13 at 4:05 pm
of being screwed up by the same folks that love ethanol so much they are mandating 15% ethanol/failure at the pumps. Nice

LINK


How could anyone think that touching the interest deduction wouldnt hurt the housing market is beyond comprehension.

Im left with just one thought.....just another tool /regulation used to share the wealth.



Posted by TJG210
New Orleans
Member since Aug 2006
28348 posts
Posted on 7/10/13 at 4:12 pm to
quote:

Close to half of homeowners with mortgages—mostly lower and middle-income families—received no benefit from the deduction, according to Fisher.


What a pile of bullshite.....
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 7/11/13 at 7:38 am to
quote:

Mortgage Interest Deduction in danger....

I have always wondered why interest paid for a home mortgage is given deductible status.

I, for one, would like to see the mortgage interest deduction phased out over a given time period for existing borrowers.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99030 posts
Posted on 7/11/13 at 8:06 am to
1) repeal income tax (along with all deductions, credits, etc.)
2) national sales tax of 15% on EVERYTHING (including food and medicine).

Done
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