Mortgage interest tax break may face ax.


A bipartisan commission in Congress whose objective is to reduce the deficit, is considering the removal of the mortgage interest deduction. Their report is due by December 1, 2010. I can’t imagine such a change taking affect in view of the struggling housing market. It is this deduction that for many is the largest factor to move from a rental unit into a home. Lets hope that our legislators take a long hard look at the negative consequences that would result from this move. Read more


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