Mortgage Break No Longer Sacred as US Tightens Tax Belt

circlejerk | Dec 13, 2012 07:10 AM ET Before long will just sign the back of our checks and give it to Obama. Then he can divide it up so everyone gets their fair share. "That`s America! So everyone get`s an equal cut of your hard work!"

We.are.being.played | Dec 13, 2012 07:53 AM ET You gotta appreciate just how beautifully we are being played by the Politicians that we elected .... It`s almost worth it being raped - when it`s done so skillfully. Who would have ever, even discussed Mortgage "sacrosanct" tax breaks a few months ago? By setting up the fiscal cliff (which they defined and voted in) they have created a situation so elegantly, so skillfully, so manipulatively, that we now discuss this as a done deal! Once you are on this road, and lost your "virginity" - nothing is sacrosant, nothng is beyond discussion and elimination. They have done this beautifully! We are being played.

digital24 | Dec 13, 2012 08:02 AM ET Limit mortgage deductions to a $500,000 mortgage on a primary residence. Get rid of all other mortgage deductions now. Finally accomplish something. Start passing these amendments into law now.

alchemymike | Dec 13, 2012 08:02 AM ET ending this loophole does nothing to close deficient. Its more about punishing any attempt of property ownership. Your a slave to the government your entitled to NOTHING .

freedomcrushers | Dec 13, 2012 08:10 AM ET There is no end to the ways the dems can find to punish the responsible to get more money to give to the irresponsible and the public employee unions.

Definition.of.Insanity | Dec 13, 2012 08:18 AM ET If you need a mortgage deduction in order to own a home, then you shouldn`t own. I l just love these repugnantcon hypocrites posting here who want their tax deductions that benefit them, but be damned everyone else. Phuck your mortgage interest deduction. You are all too stupid to see that the mortgage interest deduction is another scam to get you to buy more home than you can afford (and the deduction really isn`t even that good, but you are all too ignorant to understand taxes). Screw your mortgage interest deduction. Suck it up repugnants and pay your fair share, moochers.

RetiredAirForce | Dec 13, 2012 08:18 AM ET The focus on debt is way off base and should NOT be priority one. These government spending cuts are killing europe by the day. Keep spending high and taxes low until this economy is running good. After we`re well into recovery, tax receipts up, then look to cut spending as the economy provides its own lift. We could have done this at the end of the Clinton era; we had surplus and were even paying off debt. As a country, we decided to elect a President (Bush) that promised to give us the money NOW in a tax cut instead of paying down debt. So folks, Americans, had done this to ourselves. We alway elect poloticians who give us lower rates, rebates, etc. Now is NOT the right time to get right with Jesus and cut our nation`s credit card. Get the economy right

Definition.of.Insanity | Dec 13, 2012 08:19 AM ET "There is no end to the ways the dems can find to punish the responsible to get more money to give to the irresponsible and the public employee unions." You want to take benefits from public employees instead of trying to elevate your own situation. The divide states of America. You repugs want to play that game, I can play it too. Divided we are.

hopeNchange | Dec 13, 2012 08:27 AM ET Cutting the home interest deduction completely is a bad idea. Most people are only able to afford a home because of that dedcution. Home ownership should be encouraged because it employs many people - home repair, title companies, lawyers. Obama has clearly shown that he misses the whole unintended consequences of his actions. Look at Obamacare for example.

overtorqued | Dec 13, 2012 08:31 AM ET So people signed up for a 30 year mortgage and now X years into it the deduction will be gone. The foreclosure rate will just skyrocket. As for the moron saying "pay your fair share", how about changing that to "work your fair share" because all of these fair taxes are taxes on incomes which comes from people working. The "fair share" crew believe that people should get up everyday and work at least 4 hours for the government and then 4 for themselves. Imagine if we got paid daily and the paymasters took the pile of money, split it in half, gave the laborer half and then the IRS weasel the other half? Someone would get punched in the face.






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Mortgage Break No Longer Sacred as US Tightens Tax Belt

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