Along with sick, poor, aged, who else pays for super-wealthy tax cuts?

[boutons_deux]

You guessed it (but maybe not. Sheeple and bubbas aren't very good guessers)





Tax deduction for mortgage interest could be on the chopping block

It's been around since 1913, but its time may be up. Such a change would generate billions of dollars in federal revenue that could be used to cut the deficit while inflicting little pain on most middle-class homeowners.

Perhaps the most sacred of all the sacred cows in the tax code, the home mortgage deduction has long been seen as crucial to a major element of the American dream — owning your own home.

It has also been a boon to home builders, construction workers, the financial services industry and local governments that benefited from fatter real estate tax revenue.

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But nearly a century after coming into existence, the mortgage deduction may face a day of reckoning. Although out of the spotlight while the lame-duck Congress thrashes to an end, the mortgage deduction issue is likely to resurface next year when the new Congress — including a lot more deficit-hawk Republicans — takes over.


http://www.latimes.com/business/la-f...559,full.story

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When this Repug "deficit reduction" hits us, will you guys STILL falsely think tax-cutting Barry is so bad?


.

[CosmicCowboy]

'tax-cutting Barry"




Boutons, you have outdone yourself.

[boutons_deux]

The stimulus plan included $400 tax cut for individuals, and $800 tax cut for couples, then Barry extended all the tax cuts for the super-wealthy.

yourself

[Winehole23]

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