51. The smart money inside the Beltway, in fact, is already betting that the real estate lobby will be strong enough to save the mortgage interest deduction. 52. These include new breaks for the rich, capping home mortgage interest deductions, a flat tax on rich and poor alike and a national sales tax. 53. They get to take a home mortgage interest deduction on their residence while writing off the mortgage interest on the rental property as a business expense. 54. They buy bigger homes, so they get a larger mortgage deduction. 55. They use a similar argument to deflect criticism from the housing industry, which has a huge stake in the mortgage interest deduction. 56. This will increase your mortgage interest deduction. 57. Unlike the coalition, Kerry would not scrap the home mortgage interest deduction, deductions for charitable contributions, small business loans or campus-based student loans. 58. With a lower cap on mortgage deductions, prospects would be bright for tax-free savings accounts and a reduction of double taxation of dividends. 59. Yes, there would be no mortgage interest deductions. 60. Work secretly with Packwood to match spending cuts with a surprise tax package featuring flatter rates on both income and capital gains, with caps on future mortgage deductions. |