Is the Mortgage Interest Deduction Impeding Home Ownership?

Hot news from AZ Home Help:

Posted To: MND NewsWire

The Hamilton Project, an economic policy initiative at the Brookings Institution, invited 15 economists of different philosophies to submit proposals for rethinking the Federal Budget. In the eighth of the resulting papers Alan Viard, Resident Scholar, American Enterprise Institute, proposed to replace the mortgage interest deduction with a refundable credit to reduce the artificial incentive for the construction of high-end homes by better targeting the tax breaks for housing. Viard says current tax policy offers unwarranted subsidies for the purchase of expensive homes by high-income taxpayers, but does little to promote homeownership by those of more modest means. He contends that, in addition to the actual mortgage interest deduction, homeowners receive an additional benefit from the tax...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/02272013_mortgage_interest_deduction.asp

- For more real estate news visit our website at http://www.AzHomeHelp.com