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Today, United States Congressman Dingell (Democrat- 15th District in Michigan) unveiled a draft proposal that would seek to eliminate the mortgage interest tax deduction and add a 50 (that's fifty cent...not the rapper for the kids reading this) cent tax increase on unleaded fuel. For homes over 3,000 sq. ft., the current mortgage interest tax deduction would be "phased out" and eliminated entirely for those wiith homes over 4,200 sq. ft. I wonder if that includes a basement? According to Dingell, the tax increase is for global warming (yet Diesel vehicles are excluded) and the AP article that removing the mortgage intereest deducation from … (3 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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