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To: beachn4fun

There goes the mortgage deduction. That ought to kill off the housing industry.


124 posted on 10/13/2011 7:11:50 AM PDT by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
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To: flaglady47

“There goes the mortgage deduction. That ought to kill off the housing industry.”

Not only that, a new house would also get slapped with an extra 9% sales tax added to it.


127 posted on 10/13/2011 7:15:25 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: flaglady47
There goes the mortgage deduction. That ought to kill off the housing industry.

It also kills things like the 401K and IRA deductions. For a man who supports private retirement plans, slapping a tax on the money contributed is only going to discourage it.

130 posted on 10/13/2011 7:17:04 AM PDT by SoJoCo
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To: flaglady47

What housing industry?


282 posted on 10/13/2011 3:52:30 PM PDT by fightinJAG (Herman Cain actually IS a rocket scientist.)
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