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b_b · 2582 days ago · link · · parent · post: Republicans Release Tax Plan, Cutting Corporate and Middle-Class Taxes
I personally think the mortgage interest deduction should be killed entirely (phased out would probably be more reasonable). Anyway, anyone who buys a big house because they can "save" on their taxes is a moron of the highest order. Some very rudimentary arithmetic can show how wrong that is. MID is mostly a gift to the finance sector, and they already have plenty. At least $500,000 is a start. Funny that there's no mention of the carried interest loophole. That was one of Trump's stump speech regulars in the campaign. I said so myself many times that he was full of shit, but he repeated it so much even I started to believe the lie. Shame on me. Liar's gonna lie.