Re:Affordable Care
by dragonwriter on Friday January 20, 2017 @02:09AM
(#13442165)
The home mortgage interest deduction specifically doesn't, but mortgage interest on rental properties is still generally deductible.
How would a renter feel if their rent increased because their landlord was unable to take a mortgage deduction?
I countered that the home mortgage interest deduction doesn't apply to rental properties. Renters and homeowners are thus currently unequal from a tax standpoint, since renters effectively pay a higher tax rate than homeowners. Removing the deduction would thus not create a new inequality; it would remedy an existing one.