Obama's Budget Seeks to Shrink Tax Benefits of Owning

Wahington Post ^ | 3/8/09 | Kenneth R. Harney

[Nachum]

The cluster of special federal tax benefits and subsidies for homeowners has long seemed politically untouchable. Those include deductions for mortgage interest, local property taxes and capital gains exclusions on up to $500,000 in sale profits.

Is the Obama administration serious about beginning to limit at least some of these subsidies?

[Nachum]

The list, ping

Full list at www.nachumlist.com

[dodger]

A new kind of politics ... “TAX & SPEND”

[mysterio]

There is no property ownership in America, only leasing from the government.

If you don't believe me, refuse to pay the lease next year.

[Farmer Dean]

Do these fools expect a happy outcome in the 2010 elections?Passing a law to cut deductions on mortgage interest is cutting their own throats.

[scooby321]

Breaks for not paying your mortgage. Penalties for paying it?

[ari-freedom]

the unownership society

[NativeNewYorker]

...and when they say this'll effect "only the rich", remind them that in hyperinflative Zimbabwe, everyone's a zillionaire.

Placing taxes at high bracket levels and then inflating away the value of money is soooooo obvious.

[blam]

"There is no property ownership in America, only leasing from the government."

"If you don't believe me, refuse to pay the lease next year."

Yup, you get it. (The American dream...pay till you die)

[NoobRep]

If they continue to punish the “wealthy” i.e., job creators and achievers, pretty soon there will be none left.

As a small business owner that has a $250,000 of revenue, I’d be looking at cutting costs to recuperate this money. So the Obamabots better not complain about getting a pink slip after they get their “free” health insurance.

[ClearCase_guy]

Don’t forget estate taxes! You pay after you die as well!

[avacado]

"Do these fools expect a happy outcome in the 2010 elections?"

If the Democrats get amnesty passed, it's all over for us/Republicans/Conservatives.

[pnh102]

Hah. I hope all the idiots in the burbs who voted for this clown lose everything because of these tax hikes.

[Texas Fossil]

Yes, but did he not say that no one who made less than $250,000 per year would pay more in taxes?

Lesson—

Commies Lie-—

Never Trust a Lying Kenyan Commie!

[CASchack]

I guess it's time to start herding everyone into Soviet-style apartment buildings. Break down the charities, discourage home ownership, and dismantle the health care system. This is President Barack Mugabe's vision for America, known to him as the USKKKA.

[Oldpuppymax]

Clearly this wouldn’t apply to our hard working, indispensable elected officials! After all, the interest deduction on more than one home was begun for them. Can’t see any of it going away—for them, that is.

[God luvs America]

no...it’s called neo marxism- it’s not for personal consumption rather the good of the commune including the freeloaders...

[jabchae]

Where my parents live, no property taxes for owners over age 65.

[ChicagahAl]

"....subsidies?"

They called them "subsidies"!

[SandRat]

Of course the ‘O’ wants to do that. There can be no private ownership in the Socialist State. Everything and everyone, whether living or dead belongs to the State.