Posts tagged "deficit reduction"

Mortgage Interest Deduction In The Sights Of Deficit Reduction

  President Obama creating the National Commission On Fiscal Responsibility and Reform The National Commission on Fiscal Responsibility and Reform released a draft proposal today of their deficit reducition ideas and as I’ve previously mentioned the mortgage interest deduction is being targeted. If you look at page 26 you will see that one proposal is... Read more »

Is The Mortgage Interest Deduction Doomed?

I’ve never quite understood why home mortgage interest is tax deductible. It seems to me like the government shouldn’t be in the business of subsidizing people’s lifestyles – the bigger the home that you buy the bigger the subsidy you get. And this is unlike any other purchase you make. If you buy your groceries... Read more »