re: Mortgage Interest Deduction in danger....

quote:

---

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 bull shite.....

---

I was there for a while when I had a double. Half the interest was a deduction on the rental income form. The remainder was not enough to exceed the standard deduction without exaggeration on charitable contributions. So I did not itemize.

My place is paid off, but I want my kids to have that deduction. The middle and upper-middle class could be hit hard by this. The wealthy and poor won't feel a thing.