US Senate Budget Committee and Bloomberg News oppose allowing landlords to deduct mortgage interest from taxes, citing $2.9bn tax break while advocating austerity for disabled.
The US Senate Budget Committee and Bloomberg News argue against allowing landlords to deduct mortgage interest from their taxes. This comes as the US coalition government grants landlords a $2.9bn tax break via interest deductibility, while advocating austerity for disabled and others. Bloomberg News suggests now is the time to tackle the mortgage interest deduction as a factor inflating home prices.
March 27, 2024
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