"NOYB" wrote in message
hlink.net...

"P Fritz" wrote in message
...

recognizing the importance of homeownership and charity in American
society;
and (c) promote long-run economic growth and job creation, and better
encourage work effort, saving, and investment, so as to strengthen the
competitiveness of the United States in the global marketplace.


Get rid of my home mortgage interest deduction, and the following
happens:

I have less money at the end of the year than I currently have....which
will
cause:
1) decreased contributions to charity
2) decreased spending on employees at my business
3) decreased pension plan savings



It sounds to me as if this panel was filled with a bunch of idiots.

Yeah......they obviously do not know the difference between simplifying
taxes and raising them.

"NOYB" wrote in message
hlink.net...

"P Fritz" wrote in message
...

recognizing the importance of homeownership and charity in American
society;
and (c) promote long-run economic growth and job creation, and better
encourage work effort, saving, and investment, so as to strengthen the
competitiveness of the United States in the global marketplace.


Get rid of my home mortgage interest deduction, and the following happens:

I have less money at the end of the year than I currently have....which
will cause:
1) decreased contributions to charity
2) decreased spending on employees at my business
3) decreased pension plan savings



It sounds to me as if this panel was filled with a bunch of idiots.



Maybe you would have to live within your income. Not bet on the come as to
rising home prices to save you from an interest only loan. Why should the
rest of the people support your real estate speculation?

"NOYB" wrote in message news:jpx5f.17098


I'm all for eliminating the home mortgage deduction...BUT only if they
first
lower my marginal rate, and create a flat tax across the board for all
income levels.



I'm all for a flat tax IF ALL money that a person makes is counted as
income. Of course I am talking about no special treatment for dividend
income or capital gains. The only exception would be the profit on the sale
of your home, after all a lot of retirees are counting on that money for
their security.