While the second presidential debate did not touch specifically on housing, former Massachusetts Governor Mitt Romney did mention capping itemized tax deductions — of which the mortgage deduction is one of the most significant — at $25,000 per household, in his outline of his tax policy. But Jed Kolko, Trulia’s chief economist, writes, in a recent column for Forbes, that this policy would disproportionately hurt the middle class. The home mortgage interest deduction is, by [more]
↧