mortgage interest deduction: More Comment on the Obama Administration to Terminate the Mortgage Interest Deduction - 06/20/11 07:05 PM
I have received many comments from real estate agents that lack of a tax credit is hurting the current real estate market. Said another way, the tax credits (artificially) stimulated the markets and now that tax credits are no longer available, the real estate markets are challenging at best. Here is the hypocrisy in the Obama administration policies on real estate: they induced tens of thousands of families to purchase real estate by incentivizing them with a federal tax credit. Now they want to eliminate the mortgage interest deduction on taxes. Lure them in with tax incentives and then take the … (4 comments)

mortgage interest deduction: Hypocrisy in the Obama Real Estate/Tax Position - 05/19/11 06:17 PM
Here is the hypocrisy in the Obama administration policies on real estate (okay, actually there are many, but here is ONE): they induced tens of thousands of families to purchase real estate by incentivizing them with a federal tax credit. Many home owners received an $8,000 federal tax credit as an inducement to purchase a home. The administration ran around patting itself on the back about how successful the program was etc.
Now they want to eliminate the mortgage interest deduction on taxes. Lure them in with tax incentives and then take the incentives and much more away with significantly higher … (4 comments)

 
Paddy Deighan MBA JD PhD, Paddy Deighan J.D. Ph.D (http://www.medicalandspaconsulting.com)

Paddy Deighan MBA JD PhD

Paddy Deighan J.D. Ph.D

Vail, CO

More about me…

http://www.medicalandspaconsulting.com

Address: 770, Potato Patch Dr, Vail, COLORADO, 81657

Office: (877) 557-9669

Mobile: (949) 701-2192

Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement

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