Popular mortgage deduction could get a haircut in tax reform

PostmodernProphet said:
/shrugs.....so you don't believe in mortgages and you have a mountain retreat.......I believe in mortgages and I've had my home and 37 rental properties over the years......and those "modern day" creations are mentioned in the Old Testamentt......
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The Old Testament talked about 30 year sub prime mortgages with Lending Tree? Or was it the burning bush back then?


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Covfefe said:
I'm just telling you it won't be good politically, I'm not going to argue fairness with you. Our tax code definitely needs to be changed, but taking mortgage deductions won't be met with cheers.
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Rana I'm still intrigued why you think this would be the case. Is it that even though the reduction would only affect the top 4% it's the idea that gov't would reduce the M.I.C. at all that is frightening to people?
 
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