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ELIMINATE THE MORTGAGE INTEREST DEDUCTION??
 
This is a SCARY and OLD canard that has been around for decades and that this committee probably wrote down at the TOP of the FIRST PAGE of their list.  I think it is even being reported to stir up the "class warfare" just like the TOP WAGE EARNERS paying HIGHER TAXES when Bush tax cuts expire....
 
ELIMINATE THE MORTGAGE INTEREST DEDUCTION??
Be careful what you ask for!
I can point to the benefits of the mortgage interest deduction for many, many past home buyer clients.  That's a personal experience and many would say self-serving.  I'll accept that, but whom does that home purchase benefit in addition to the real estate broker and agent???
Home Owners Residential Developers Residential Developers' Staff Builders Builders' Staff Carpenters Electricians Plumbers Landscapers Garden Shops Flooring Companies Decorators Appliance Manufacturors Roofers Brick Layers Well Diggers On-site Sewer Disposal Systems Stone Masons Heating and A/C Companies Siding Companies Concrete Companies Home Inspectors Municipal Code Inspectors County Building Permits Staff Zoning Staff Lenders Loan Officers Mortgage Investors And so many more. . . . . . So, Congress, whose members never saw a dollar that they didn't want to put in their own pocket, sees that deduction as a ... more

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