I'm with Scott and Robert on this

Tom Brosz — 11/4/2005 6:46:13 PM (archived)

I think the positive result of discouraging excessive borrowing on equity--a bad trend lately--overrides any negative effect on house purchases.

I don't know anyone who decided to buy a house just because they wanted the deduction as a primary reason. Sure, it's icing on the cake, but that's about it.

Again, I don't know if there was any negative effect on car sales from eliminating interest deductions, but I don't remember one.

The whole thread (26 posts)

Tax Reform Panel report is out. - Tom Brosz - 11/1/2005 9:17:30 PM
- These guys just hate the middle class. - Bowser - 11/2/2005 4:11:01 AM
- re: Tax Reform Panel report is out. - Robert - 11/1/2005 11:10:09 PM
  - This just came across my "desk". - et - 11/3/2005 8:40:23 PM
    - Good article - Robert - 11/3/2005 8:54:34 PM
      - Reich's rhetoric doesn't match reality for many parts of the country - Larry J - 11/3/2005 10:07:06 PM
  - A phase out of the housing deduction may be in order - Larry J - 11/2/2005 7:29:08 PM
    - If only we knew how to do it - Robert - 11/3/2005 6:24:48 PM
    - Congratulations! You've figured out how to get ahead. - Scott Evil - 11/3/2005 6:02:25 PM
  - It may not be worth the effort. - Tom Brosz - 11/1/2005 11:23:14 PM
    - I can't imagine it passing.... - FrankC - 11/2/2005 6:00:01 AM
      - It could be phased out over years. - Tom Brosz - 11/2/2005 3:30:40 PM
        
        JMO - FrankC - 11/2/2005 4:49:46 PM
        
        I'm with Scott and Robert on this - Tom Brosz - 11/4/2005 6:46:13 PM
        
        I disagree... - Scott Evil - 11/2/2005 8:34:04 PM
        
        True. - Scott Evil - 11/2/2005 4:31:19 PM
        
        re: True. - Robert - 11/2/2005 5:13:22 PM
        
        I agree whole heartedly. - Scott Evil (SENN News) - 11/2/2005 8:30:55 PM
        
        Right on - Robert - 11/3/2005 6:40:48 PM
    - re: It may not be worth the effort. - Robert - 11/2/2005 12:48:49 AM
    - How Eloquently phrased. - Scott Evil (SENN News) - 11/1/2005 11:27:35 PM
      - You need to get a blog first (n/t) - Robert - 11/2/2005 12:39:04 AM
  - I'm a CPA and I can't stand reading that report. - Scott Evil - Captain, HZS Evildoer - 11/1/2005 11:14:46 PM
    - Well... - Robert - 11/2/2005 12:43:33 AM
      - re: It's a zoo. - Scott Evil - Captain, HZS Evildoer - 11/2/2005 2:16:37 PM
- Ah why bother. (n/t) - Scott Evil - Captain, HZS Evildoer - 11/1/2005 10:21:08 PM

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