Many years ago-—I mean like the late 1960’s-—I was traveling in Mexico and asked why it seemed there was always a hole or some other unfinished area of a building.
A local told me that an unfinished building in Mexico was assessed lower taxes.
Now we are importing Mexican tax laws into the USA!!!!
Who woulda thunk!!!!
Most congressmen have more than one house. One in the district and one in DC (even if its rented, it still poses another carbon footprint). Betcha they stop short of combining square footage to protect themselves.
These LibTard DhimmiRats aren’t going to be satisfied until they foment armed insurrection in the streets. That’s something they would never weather, something they could never actually survive. But, still they continue with their agenda of condemn and control.
It may well be time that the tree of liberty be refreshed...
I hate to use the f-word, but the only phrase that comes to mind is “f**king idiot.”
Why do I swear more when listening to liberals?
How about we eliminate your seat, and save the planet?
The mortgage interest tax deduction currently is limited to interest paid on the first $1 million in acquisition debt.
To limit it still further by square footage is a Dem public relations ploy, and targets bigger families.
“Gotta keep that damn middle-class under control! Can’t let ‘em get all uppity and what-not.” /sarc
The Breck Girl will have to move!
We really need a limit of 2 terms per lifetime. these guys stay in for half a lifetime and turn despotic or queer and we have to suffer them.
Al Gore is so screwed.
“cutoff of mortgage-interest tax deductions for houses with more than 3,000 square feet. “
Wouldn’t that mean that Gore and Edwards would loose deductions? Or are they exempt because they are part of the elite?
Well, time to go dynamite away a couple of rooms off of the house!!! Got to keep that mortgage tax deduction!!!
(Just kidding — our house is less than half that 3,000 sq. ft., but Dingell claims this is to reduce “carbon emissions???” Whaaaatttt??????)
Just in the past week we have the Obama Democratsd wanting to kill off ALL tax breaks for 401(k) accounts, for deposits and capital gains, and now they want to kill off housing tax breaks.
This is what the Obama/Pelosi administration wants to do: Tax & Spend.
Stupid effort anyways. If you can afford a large home then AMT kills the mortgage deduction.
If they’re going to do this, would it be a lot simpler to limit the amount of interest to be deducted to some max amount?
That wouldn’t require people to measure their homes, and the IRS to worry about the size. Nor would it create bizarre anomalies at the threshold.
My house is more than 3K, but we have 9 people living in it.
Why should we be punished if using less energy per person than a family of 4 living in a 1500 sg ft house?
How about they just round up the people with large homes and gas them. O/S
Isn’t that how Hitler got started? Taking one group of people and inch by inch taking things away from them?
The Liberty Tree is looking a little droopy; better water it again.
No need; just use the Rat's usual method of putting everyone out of work, and taxing what they have left out of them. No money, no consumption. Simple.
In fact, Mr. Dingleberry, maybe you better embezzle (mis)appropriate some tax money to buy a A-380 to fly around the country to promote this.