Show of HandsShow of Hands

polster2 November 26th, 2017 9:37pm

The House GOP tax bill reduces the amount of home debt on which interest can be deducted from $1 million to $500,000. This bill also doubles the standard deduction, meaning that 94% of taxpayers would not itemize. Do you support these provisions?

6 Liked

Comments: Add Comment

11/27/17 6:32 am

Good for the low end taxpayers

fmm Philadelphia suburb
11/26/17 6:08 pm

I would if it was phased in over time or delayed for a year to provide time for people affected to adjust their situations.

Squidboy Snarkapottamus
11/26/17 3:49 pm

There are a lot of disgusting things in that bill and a few good ideas. These are two of the good ideas. I would support eliminating the mortgage interest deduction completely in concert with raising the standard deduction to offset it. This would give renters some relief. It would also reduce the amount of morons financing boats, cars & vacations with their home equity.

lendluke iowa
11/26/17 3:19 pm

Yes, the government shouldn't be artificially pushing people to buy homes through tax benefits.

Alcerus fascist
11/26/17 3:18 pm

Economics is not my strong suit. Can someone explain this without economics jargon?

Think Lovin Life
11/26/17 3:00 pm

They are baby steps in the right direction.