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The popular tax break for mortgage interest, once considered untouchable, is falling under the scrutiny of policymakers and economic experts seeking ways to close huge deficits.
Although Congress last year rejected the White House’s proposed cut to the amount wealthier taxpayers can deduct for home mortgage interest payments, the administration included it again in its 2010 budget — saying it could save $208 billion over the next decade.
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[...] This post was mentioned on Twitter by L Eaton and Eye on Freedom, Jewish Leadership. Jewish Leadership said: #Obama Seeks To End Tax Deduction For Mortgage Interest http://goo.gl/fb/acai1 #uncategorized #taxes [...]