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They want to continue the stupid wars in Iraq and Afganistan, along with the stupid 'war on drugs' and 'war on terror' - but they feel they have to cut the mortgage tax deduction so that people will have even less of a reason to buy a house, and cut Social Security and Medicare, which we paid for and they raided.
Analysis: Mortgage tax break eyed to help cut debt - Yahoo! Finance (http://finance.yahoo.com/news/Analysis-Mortgage-tax-break-rb-3724808878.html?x=0&sec=topStories&pos=2&asset=&cc ode - broken link)=
They want to continue the stupid wars in Iraq and Afganistan, along with the stupid 'war on drugs' and 'war on terror' - but they feel they have to cut the mortgage tax deduction so that people will have even less of a reason to buy a house, and cut Social Security and Medicare, which we paid for and they raided.
Analysis: Mortgage tax break eyed to help cut debt - Yahoo! Finance (http://finance.yahoo.com/news/Analysis-Mortgage-tax-break-rb-3724808878.html?x=0&sec=topStories&pos=2&asset=&cc ode - broken link)=
All the more reason to stop paying your mortgage, sign up for the freebies and let everybody else pay for it. That is what THEY want after all. Next they will be going after 401K's to pay off the debt because only "rich" folks flying around in those corporate jets can afford a 401K. I mean it's not fair everybody doesn't have one.
It should be cut. Spending in the tax code should be eliminated and rates should come down. Other countries who don't subsidize home buying have just as many if not more people who own homes.
Of course! People who need tax breaks to afford their homes, can't afford accountants to find every tax loophole they can, or work for their money instead of getting money at lower capital gains tax rates (and don't need the break) shouldn't get them.
It's really obvious logic from people representing the working man.
I would support the mortgage interest deduction, but only if the pseud-home-owner makes a down-payment of at least 25%, and that should be scaled to only half of the interest. Someone who puts down 35% gets to deduct 100% of the interest.
They want to continue the stupid wars in Iraq and Afganistan, along with the stupid 'war on drugs' and 'war on terror' - but they feel they have to cut the mortgage tax deduction so that people will have even less of a reason to buy a house, and cut Social Security and Medicare, which we paid for and they raided.
Analysis: Mortgage tax break eyed to help cut debt - Yahoo! Finance (http://finance.yahoo.com/news/Analysis-Mortgage-tax-break-rb-3724808878.html?x=0&sec=topStories&pos=2&asset=&cc ode - broken link)=
Medicare, you didn't pay for. No sireee. Most of it is unfunded.
I also don't support the mortgage interest deduction. Why not give all homeowners a tax deduction? Why give one JUST to people who take on really huge mortgages? It encourages irresponsible choices and it makes no sense.
So what will happen with this windfall of tax money from getting rid of mortgage interest deductions?? Oh....oh....oh......Mr. Kotter.....oh...........oh.........I know THEY'LL JUST SPEND IT!!
So what will happen with this windfall of tax money from getting rid of mortgage interest deductions?? Oh....oh....oh......Mr. Kotter.....oh...........oh.........I know THEY'LL JUST SPEND IT!!
well at one point, the plan was to take that revenue and lower tax rates across the board.
I don't live in "other countries" so don't care what they do.
I don't care what you don't care about. You buying a home shouldn't be subsidized by everyone else.
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