Bloomberg: Mortgage-Tax Break Stymied By Housing Slump

Bloomberg: Mortgage-Tax Break Stymied By Housing Slump

In an article published by Bloomberg this morning, it has been reported that the cost of one of the most expensive individual tax breaks is shrinking. I’m not talking about the tax-free health insurance contributions, which alone will cost the government $1 trillion, or exclusion of net imputed rental income, which sends the government a $50 billion bill every year.

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