Summary
WASHINGTON -- That most sacred of tax breaks, the mortgage interest deduction that has helped millions buy homes, could vanish if President Bush and Congress follow the recommendations of his tax advisory board.
Nine tax experts, tasked with developing simpler and fairer tax laws, concluded that the deduction does more for wealthier taxpayers than for people struggling to buy a home.See the full content of this document
Extract
Mortgage Tax Deduction Targeted
But mortgage bankers and real estate agents see irreparable harm if the tax break disappears.
The ...See the full content of this document
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