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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s