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Real Estate Briefing - Categorized | Finance, Mortgage more

Fiscal battle over mortgage deduction

Posted on 28 November 2012

Washington should stay away from touching the mortgage interest tax deduction, warns the U.S. housing industry. Lately, housing is on the mend and one of the few bright spots in a lumbering economic recovery. Taking away a key tax break could throw a wrench into home buying plans and hurt a long-sputtering recovery.
Lawmakers in both parties are on the lookout for tax revenue as a way to avert the fiscal cliff. But the housing industry is preparing to fight against any move to get rid of the mortgage interest tax break………………………………………..Full Article: Source

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