“Mitt Romney, speaking at a private fundraising event on Sunday, offered the first details of deductions he would eliminate or limit in order to offset the income tax cut he has proposed for all taxpayers.”
Did you read the headline the WSJ placed on this article?
It said Rmoney was talking up more taxes not less.
What do you think this proposal will do to the real estate market and homebuilding?
Do you think disallowing mortgage deductions like he is proposing will improve or worsen this?
All this fool is doing is going along with the Obama narrative in making things more expensive for those who can afford it.
He is demeaning all Americans who strive to do better for themselves by saying they don’t deserve it because the govt pie needs it given to them.
Do you see this as an improvement over the one now in office?
There are many blue collar workers in places like Michigan that have a second house. Do you think this will sway them to vote for Romney?
The Federal government is overly entangled in the real estate market. Eliminating the real estate deduction will eliminate yet another market distortion introduced all those years ago for no good economic reason as a sop to real estate developers. If we're going to subsidize an industry, I think we'd be better off subsidizing natural resource extraction or alternative energy research rather than something like home building.
I already know you’re unable to be objective, but are you unable to read as well? Romney did not advocate raising taxes. Romney talked about flattening taxes, which necessarily has to be done by removing or limiting deductions and lowering rates.
What would eliminating the deduction for mortgage interest on second homes do? I have no idea. I do know that second homes represent about 6% of the total market, so my guess is not that much. How much of that is purchased by people who finance isn’t something I know. What Romney means by “high earners” isn’t something I know either, but your “blue collar workers in Michigan” probably don’t qualify as “high earners.” I’m not worried about that. I would be worried if he advocated removing the mortgage interest deduction on primary residences like Democrats have done (and continue to do).
You can believe whatever you want about Romney, but if you seriously believe his administration would not be orders of magnitude better than the current one, you’re out of your mind.
Just be honest. It’s not that hard.