Federal budget negotiations are moving into a critical period as the government will run out of money by August 2nd unless something is done to stop it. In the last week, President Obama has stepped forward and met with both Democratic and Republican leaders in the US Senate and House of Representatives in an effort […]
The Mortgage Deduction: Sacred or Superfluous?
As our country faces possibly the biggest budget crisis ever, the Obama Administration has created a deficit commission charged with discovering the best ways to bring down the national debt. It has come up with a plan to cut our $3 trillion dollars in debt over the next decade. One of the proposals this commission […]
Mortgage Interest Deduction Elimination Press Continues
Mortgage Interest Deduction Elimination Press Continues The White House and Congress see the 100 billion dollars a year that goes to homeowners and want to spend it on their own projects. They have realized they are spending way too much money and the deficits are growing out of control. How out of control? Let’s talk […]
Home Mortgage Deduction Contributed to Housing Collapse
Home Mortgage Deduction Contributed to Housing Collapse The mortgage interest deduction, a tax break long considered a fundamental piece of the American dream, played a major role in the collapse of the housing and financial markets, according to a University of California, Davis, School of Law professor. Dennis J. Ventry Jr., an expert in tax […]