House Republicans Seek to Double Tax Deductions on Mortgage Interest, Charitable Giving

Washington Times, June 4, 2017–David Sherfinski
Congressional Republicans say they will preserve popular tax breaks for charitable giving and mortgage interest, but advocacy groups say even if they aren’t directly targeted, nonprofits and the housing industry are likely to take hits. Some analysts are anticipating as much as a 10 percent drop in home prices if Republicans go ahead with its tax plans, which would flatten out the system.