Posted on 11/18/2014 8:53:03 PM PST by 2ndDivisionVet
Satire..... yes.
FINALLY!
The Earned Income Credit is the most fraud-ridden part of the tax code. The Mortgage Interest Deduction actually pays people for going in debt. The Child Tax Credit can be debated, but I’m ok with it, given this level of clean-up.
And I agree, ecomonic growth will go THROUGH THE ROOF, now that people have more incentive to actually work.
The mortgage interest deduction incentivices home ownership; if you want to see a world without that look at the Ferguson situation - people with nothing to lose, who will foul another nest when the area is destroyed.
Companies get all kinds of deductions from their income; as long as they do people should as well.
Meanwhile....the list of what the 'pubs were given the majority in DC to get done is quite long. One of them was to balance the budget by cutting spending, not by further impoverishing the middle class. What happens to their thought process once they get to DC?
“I call BS.”
Yeah, it is. But, speaking only for myself, I’m ok with it should it happen. A couple of years ago I refinanced. Now have 2.25% on a ten year note. So, my interest expense is not significant.
What are the odds of Obama signing such a bill?
A lot of people factor Obamacare into decisions, too.
mortgage interest is now an “entitlement”
No worries that so many homeowners took on the 30 year debt obligation based on the interest part being deductible, the 1% pays cash for real estate anyway
Boo Hoo so sad? Well then, run your businesses without me. I will have thousands less to spend.
The repercussions of this on the family budgets and economy will sink Ryan.
Good riddance
But he may be giving the democrats a hail Mary to claw their way back to the top
In my area housing is already collapsing because Americans have stopped breeding (and therefore have no need to tie themselves to 30 years of payments to an area that is already withering on the vine). New consructions are built to accomodate yuppies and their dogs (nobody else has any money), and it is hoped the illegals here will occupy the existing housing stock as Americans flee (they can rent them).
I believe the mortgage interest deduction is here to stay for a long time just as low interest rates are because the government desperately needs to get people into homes; the economy is built around it, and is collapsing with it de-stabilized.
It is getting harder and harder to tell satire from reality.
Satire, of course.
But, I am in favor of all of these.
We got rid of interest deductions for just about everything else. It should be eliminated because it distorts the market.
Folks like it because it makes homes “more affordable”.
If we didn’t have it, prices would come down and the homes would be “more affordable”.
This could only be accomplished over an extended time frame, like eliminating Social Security and other schemes.
Over time, I bet most folks would gladly trade the interest deduction for a ~40% lower home price.
I think you should have this removed.
It isn’t even satire. It’s simply fake.
Links?
Links to what?
You claim that this is an incorrect or satirical column, yet you offer me no proof to take to admin.
Hey, you posted it.
Can you provide anything at all that would show that any of these absolutely earth-shaking events actually have occurred?
Yeah, the article.
Yeah. The fake article.
Surely you can provide some other links to other sources for such gargantuan news, right?
And sites like “the National Report” don’t count. lol...
First proposed by Nixon, signed into law by Ford and increased under every administration since, without exception.
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