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Jeb Bush takes up mortgage deductions

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Mortgage Professional America | 15 Sep 2015, 06:30 AM Agree 0
Republican presidential candidate Jeb Bush has laid out a tax plan that seeks to limit what many politicians consider the third rail of deductions – mortgage interest
  • Griff | | 15 Sep 2015, 03:30 PM Agree 0
    Nothing here for Main Street. If you happen to have low income 2% max on interest deduction is a big loss for this group. Unless of course those folks go live in really cheaper houses.

    As to standard deduction I've never gotten why a married couple gets twice what a single person gets. A single person has one income to pay rent/house payment, utilities, etc. Often a married couple has two incomes to do that. Standard deduction should be per household. Period. That would be fair.

    Bush, true to form, marching in the army of Wall Street.

  • bonnie453 | | 16 Sep 2015, 01:29 AM Agree 0
    I agree with above statement
  • No Brainer | | 16 Sep 2015, 10:17 AM Agree 0
    Doesn't Bush live in Florida? And doesn't Florida happen to be a state with no state tax filing? What a great idea to eliminate a deduction that has no effect to your tax return! IDIOT.

    I also agree with the first comment. Low income earners just LOVE your idea of capping them. IDIOT.
  • John Wake | | 02 Oct 2015, 11:54 AM Agree 0
    This isn't going to play to mortgage professionals but more acceptable alternatives are 1) Limit mortgage interest deduction to primary residences only, or 2) put a dollar cap, not a percentage cap, on the deduction so the hated 1 percenters don't benefit more than the middle class.
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