[unixfox]

Don’t forget about the 3.5 percent tax when you SELL your home.

To fund Commie care.

[Clint N. Suhks]

Boner caved before 0bama said bupkis.

[riverdawg]

To receive the EITC, you have to earn legitimate (reportable) income. There aren’t too many people “in the hood” receiving the EITC.

[GeronL]

It’ll be the GOP’s fault of course

[Alex Murphy]

When they eliminate the home mortgage Interest deduction (Schedule A, Line 10) then for me, my taxes rise $2,395. This will not be called a tax increase. It will be called closing a loophole.

Over twenty years ago, I had someone tell me the US Tax Code is a textbook example of our government engaging in social engineering.

[throwback]

Socialism doesn't work. It has to be proven again. It will be.

[The Sons of Liberty]

When they eliminate the home mortgage Interest deduction (Schedule A, Line 10) then for me, my taxes rise $2,395. This will not be called a tax increase. It will be called closing a loophole.

You know Hussein has stated that he was going to eliminate the Home Mortgage Interest deduction, and that is predictable since his followers don't pay for anything themselves.

When the Weeper of the House, Boehner, was kissing 0bama's butt (move over Chris Christie) the other day and said they were going to "close some loopholes" Home Mortgage Interest deduction immediately popped into my head.

[dforest]

I can’t imagine how we still have so many seats in the house this time. I also doubt that many voters split their vote this time. But alas, we actually picked up a few. Amazing. Considering so many more actually voted for Obama, one would think we would have lost more seats. The American people wants their communism, so why were these guys allowed to stay? /sarc

Anyhoo, the GOP is there to get whopped around and demonized and blamed so they get booted and tagged as why the economy is so bad. Those Tea Baggin GOP’ers are getting set up for the boot in 2014. /sarc

[ought-six]

When they eliminate the mortgage interest deduction I will just pay off my mortgage (I only have five years left on it and my mortgage balance is not all that much, relatively speaking, so it would not be a hardship for me to do so). I will starve the beast any way I can.

[expat2]

Their EITC payments won’t stop — bernanke will just print some more money.

[what's up]

If you are not wealthy and you have only one residence, it’s likely that you will still be able to use the deduction.

[Road Glide]

“When they eliminate the home mortgage Interest deduction (Schedule A, Line 10) then for me, my taxes rise $2,395.”

Back in 1990, my yearly mortgage interest was $9,871 (on an old, small, 2-story house). And that was in “1990 dollars”, which would be more today.

You’ve got it relatively easy.

Just putting things into perspective here.