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View Diary: Thank you President Obama (321 comments)

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  •  Clearly, the proposals are more complex, (2+ / 0-)
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    virginislandsguy, vernonbc

    and I did not tie limits to mortgage interest deduction to a lower tax rate on the top brackets.

    I don't have time to look up the proposals right now, but off the top of my head, some proposals floating around are not outright elimination of the mortgage interest deduction.

    Some proposals are to limit the deduction to one residence and to cap the deduction. That would mean that middle class families retain the deduction.

    Outright elimination of the mortgage interest deduction would be too painful for the middle class.

    Slavery is the legal fiction that a person is property. Corporate personhood is the legal fiction that property is a person. -Jan Edwards

    by SoCalSal on Fri Dec 24, 2010 at 12:21:49 PM PST

    [ Parent ]

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