If the federal government does something like this it needs to be phased over 20 years. It would be unfair to homeowners that have a mortgage and would probably increase the defaults.
Read it allAt stake, in addition to the mortgage-interest deductions, are child tax credits and the ability of employees to pay their portion of their health-insurance tab with pretax dollars. Commission officials are expected to look at preserving these breaks but at a lower level, according to people familiar with the matter.
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