Comments on: A Tax Plan That Economists Love (And Politicians Hate) http://kosu.org/2012/10/a-tax-plan-that-economists-love-and-politicians-hate/ The State's Public Radio Fri, 14 Jun 2013 02:20:08 +0000 hourly 1 http://wordpress.org/?v=3.4.1 By: invisiblebackhand http://kosu.org/2012/10/a-tax-plan-that-economists-love-and-politicians-hate/comment-page-1/#comment-122963 invisiblebackhand Sat, 03 Nov 2012 03:17:47 +0000 http://kosu.org/?p=114911#comment-122963 "Every single one of our economists said a dream candidate would kill off a giant perk that millions of Americans love and enjoy: the mortgage-interest tax deduction." How interesting...interest on money borrowed for investment purposes (like an appreciating property) is an itemized deduction. It's a business expense. Good for the economy, more tax revenue in the long run, yadda yadda. Why single out real estate bought by the little people? Why not take it away from, say, billionaire oil speculators like the Koch brothers? (ask Russ Roberts about that one). "Every single one of our economists said a dream candidate would kill off a giant perk that millions of Americans love and enjoy: the mortgage-interest tax deduction."

How interesting…interest on money borrowed for investment purposes (like an appreciating property) is an itemized deduction. It's a business expense. Good for the economy, more tax revenue in the long run, yadda yadda.

Why single out real estate bought by the little people? Why not take it away from, say, billionaire oil speculators like the Koch brothers? (ask Russ Roberts about that one).

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