Mortgage Deduction Is Impossible to Cut

very doctor knows that a patient recovering from a quadruple heart bypass is a poor candidate for elective surgery.

That’s the status of the housing market these days as tax reform advocates pound the pavement for putting the home mortgage interest deduction on the chopping block. With home prices and sales finally beginning to recover from the worst housing collapse in U.S. history, it would be asking for trouble to start tinkering with what every economist agrees is a major prop for home prices – the deductibility of interest on bank borrowings to buy homes.


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