3 ms·
This was the only self-interested part of the new tax bill that I could get on board with. I think at one point it was going to get rid of the mortgage interest
by JBlue42 9y ago
This was the only self-interested part of the new tax bill that I could get on board with. I think at one point it was going to get rid of the mortgage interest deduction entirely (now it keeps it below $750k, I think).
As a renter in LA, who never plans on being able to afford a house here, I was personally ok with them twisting the knife a little on folks that get a double break in not only the mortgage interest deduction rate but also get to keep their property tax low due to Prop 13. Whereas I pay ever increasing rent plus, to help fund public transit, we end up paying more in sales tax.