New U.S. Debt Proposal Would Eliminate The Mortgage Interest Deduction And Raise The Gas Tax Amoung Other Things!
thestatedtruth.com | November 10, 2010
A presidential commission’s leaders proposed a $3.8 trillion deficit-cutting plan that would trim Social Security and Medicare, reduce income-tax rates and eliminate tax breaks including the mortgage-interest deduction. November 10, 2010 Bloomberg Wiping out all tax breaks, including the home mortgage deduction, while lowering tax rates would save $100 billion a year according to Erskine Bowles, co-chairman […]
