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Mortgage Interest Deduction Limit

December 30th, 2005 by admin


Your morning jolt: Newt Gingrich slams Mitt Romney over limiting mortgage deductions (ajc)

So why is Newt Gingrich still in the GOP presidential race? So he can issue
statements like the one below, which arrived this morning:

> “Governor [Mitt] Romney’s proposal to limit certain tax deductions based on
income, including the deduction for mortgage interest on second homes, is a
surrender to the class warfare rhetoric of the Left.”

Over the weekend, at a fundraiser in Florida, Romney was overheard saying that
he might seek to limit tax deductions for second home mortgages and eliminate
the Department of Housing and Urban Development.

But apparently it’s far too early for a Sistah Souljah moment. Aides later
said the presumptive GOP nominee was simply tossing around ideas.

Says Gingrich:

> “Conservatives believe in the classical American definition of fairness –
that every American be treated equally under the law…

>

> “Governor Romney’s tax proposal violates that principle by giving
politicians the power to carve out exceptions in the law for people of certain
incomes. …

ajc

Rep. Kirk laments limits on mortgage-interest-deduction


Limits on home mortgage interest deduction (SuDoc T 22.44/2:936/)


Limits on home mortgage interest deduction (SuDoc T 22.44/2:936/)




The Limit


The Limit


$11.93


No Synopsis Available


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