tag:blogger.com,1999:blog-3758330678390419129.post3630439054362140615..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: BASTARDS 2: Republicans Propose Lower Cap On Mortgage Interest Rate Deduction Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-68761157585378416152017-11-02T19:41:16.329-04:002017-11-02T19:41:16.329-04:00But are they not raising the standard deduction wh...But are they not raising the standard deduction which means you pay less taxes generally speaking? I never got that much out of the home mortgage deduction. More song and dance than anything else. They kind of cheat you anyway; how many at some point can get the itemized deduction above the standard? I would have to pay my property tax twice this year to qualify and but forgo it next year. The Lab Managerhttps://www.blogger.com/profile/17314871529571094106noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-77174658484074564192017-11-02T16:07:41.222-04:002017-11-02T16:07:41.222-04:00So... are we here at econpolicyj now thinking that...So... are we here at econpolicyj now thinking that reducing a subsidy will reduce the purchase of that product? (In this case, reduce the subsidy to home-buying reduces the stock value of a home builder because the market expects ... fewer home buyers)<br /><br />So then, if SALT goes, a deduction for funding local government, won't local government become more expensive? But the law of Principled Libertarianhttps://www.blogger.com/profile/05229735032274089683noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-49506179460653140722017-11-02T12:58:56.342-04:002017-11-02T12:58:56.342-04:00I'm against income tax and think that deductio...I'm against income tax and think that deductions should be 100% for everyone, meaning 0% tax. If there were no income taxes with incentives to buy larger homes than people can afford, debt structure in the US may look different. Home prices wouldn't be as over inflated.AJOhttps://www.blogger.com/profile/18199742607749169526noreply@blogger.com