Tuesday, February 15, 2011

The Obama budget targets the mortgage interest deduction


The Obama Fiscal Year 2012 Budget of the U.S. Government doesn't cut anything out of entitlements, but does target the mortgage interest deduction!

In a shot at the "wealthiest" of Americans the Obama budget seeks a 30% across the board reduction in itemized deductions that includes the MID or mortgage interest deduction.

The story can be found at The Hallmark Abstract Sentinel.

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