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  • (RINO) Cantor says Congress unlikely to get rid of mortgage interest deduction

    03/24/2011 6:24:09 PM PDT · by rabscuttle385 · 134 replies
    The Hill, Washington, DC ^ | 2011-03-24 | Molly K. Hooper
    RICHMOND, Va. – House Majority Leader Eric Cantor (R-Va.) on Thursday said Congress is unlikely to take away the popular mortgage interest tax break. Speaking to a crowd of real estate professionals in his hometown, Cantor said the tax would be considered as part of the larger tax reform discussion. But he suggested a change is probably not in the cards. “Honestly, there’s not a lot of support for getting rid of the mortgage deduction on Capitol Hill,” Cantor said to loud applause from the audience. Cantor was speaking to nearly 200 members of the Richmond Association of REALTORs. It...