Mortgage Subsidies Take Center Stage in Tax Debate
Scotsman Guide, Nov. 13, 2017–Victor Whitman
In a letter to leaders of the Senate Committee on Finance, MBA President David Stevens praised that the plan preserves the interest deduction with the current $1 million cap on mortgage debt. MBA has issues, though, with its proposal to eliminate deductions on local property taxes, and also removes the interest deduction on home equity lines of credit.
