The last lines of the article contain the true story. “The
deduction currently costs the Treasury about $100 billion a year. That's
money we could use to lower taxes, shrink the deficit or pay for
Medicare...” Removal of the mortgage interest deduction will
increase taxes on home buyers by “about $100 billion”. Ordinary
working people are forced to borrow money to buy a home, rich people only borrow
money when it costs less than other alternatives. This may be only a scam to
shift more of the burden of government to the working people. We
need real tax reform. We need a way to support our government that is accurate,
fair and easy. Tax all personal income of every source at the same
flat rate without exception and without deductions.Collect the tax
through American business operations as a part of their business expense. No
individual tax returns, no need for a tax year, reduced cost, etc. etc. etc.
By collecting the tax from business operations in the American
market, all persons receiving income from the American people would be taxed.
No matter where they live or their nationality.
Cut 10% from our bloated DOD. Cut 50% from the DOD and a lot of problems will be