"Harry Krause" wrote in message
...
NOYB wrote:
wrote in message
ups.com...
wrote:
Yep, they're all about lower taxes.....

Notice the 50% increase in the tax rate for the folks on the bottom end
of the scale? (Increases from 10% to 15%).

Mortgage deduction: Too bad it can't be saved for inexpensive "starter"
homes purchased by young families, but a good percentage of folks who
are
allowing the government to subsidize their personal housing expense (by
enabling them to pay interest on $1mm mortgages with tax-free
dollars)

A tax cut isn't a subsidy!


also fall into a group that gnashes and wails at the very
thought of
any public assistance for low income renters. In reality, the mortgage
interest deduction is probably safe- can you say "Catastrophic real
estate crash", otherwise? It might be reasonable to phase out the
mortgage interest deduction over a period of time, eliminating it
entirely for mortgages dated after XX/XX/XX.

It is long past time for a bi-partisan effort to reduce spending and/or
raise taxes to restore some fiscal credibilty to our runaway
spendthrift FEDGOV.

I'd support the elimination of itemized deductions...BUT only if they
went to a flat tax across all income levels.





I'd make all income taxable at the current rates



, and increase exemptions for families earning under $50,000, and, of
course, I'd cut b ack drastically on corporate tax breaks. But I would
offer incentives for those corporations building new factories and
facilities in the USA.


So would you cut back the deductibility of home mortgages as proposed?