What will the Repubs do for us next - after they get rid of mortgage ...?.

....interest deduction? One of the sacred programs of the middle class and working class homeowners of America - both Democrats and Republicans. But it will raise revenues. Estimated to raise about $3 trillion dollars over the next 10 years, that's a lot of money coming out of the pockets of homeowners and working Americans. And so long as we don't ask the wealthy to pay their fair share of taxes, why should anyone care? What can they think of next?

it's just a story about a tax commission that has it on the table. it's not a proposal, it's not a bill, it's not being pushed by any republicans. That's a FAR cry from eliminating the deduction.

That is, slipping some innocuous-looking or easy-to-overlook provision into a completely unrelated bill, or by taking a voice vote on it so it's off the record. It has happened many times before, and it will happen again.

http://www.rutherford.org/articles_db/commentary.asp?record_id=260

for removing the mortgage interest deduction? You really think that would be "snuck into" a bill and passed with no public discussion?

I don't... but the issue is not whether it'd pass. The issue is whether or not it's been proposed. It has not. It's a huge over-reaction to say Republicans are pushing this. They are not. Nobody is.

and no one seems to mind. They can eliminate or greatly reduce programs for the needy, the day after they put their arms around them for a photo-op. In fact, they can, and have, gotten away with just about any piece of hare-brained legislation they've wanted.

As for making a specific proposal, we are arguing semantics here. With the exception of Social Security "reform", once they make a "proposal", it's already a done deal-- their lackeys in the Senate and House will just rubber stamp it, with token opposition.

And if you don't think they're even considering it, read this:

"Bush set up the President's Advisory Panel on Tax Reform in January to recommend changes in the tax code. The panel, led by former Sens. Connie Mack (R-Fla.) and John B. Breaux (D-La.), will submit suggestions to Treasury Secretary John W. Snow this fall. Bush will choose among the recommendations to propose to Congress.

Bush specifically charged the panel to take account of "the importance of homeownership and charity in American society."

That led many to conclude that the homeowner deductions were safe.

"The mother of all tax subsidies �c shall remain untouched," wrote economist and tax expert Martin A. Sullivan in Tax Notes.

This was good news for real estate agents, developers, home builders, contractors, home-improvement stores and speculators �\ groups that heavily support the status quo. But unfortunately for them, the mood changed over the summer.



"There has been a growing expectation that the framework for taxing housing could be revised," said National Assn. of Realtors tax counsel Linda Goold.

One reason for the shift: the expected demise of the alternative minimum tax. Originally designed to make sure those with high incomes didn't deduct their tax liabilities away, the alternative minimum tax is not indexed for inflation.

http://www.latimes.com/news/printedition/front/la-fi-taxbreak8oct08,1,1189219.story?coll=la-headlines-frontpage&ctrack=1&cset=true

Were snuck in as riders. And as the poster below says, they have trashed ther constitution many times with hardly anyone blinking.

This will spawn an entirely new commodities market for the buying and selling of liens against your labor.

Once a corporation of the ownership society establishes consolidation of your liens, it will oversee your labor and assist you in meeting your day to day needs with by advancing you housing, food and clothing credits (well nothing is free) until you are back on your feet or you drop in the traces.

Welcome back indenturehood, the way European life began for many in North America.

do you have any links on this

If they can privatize Social Security, there's no reason to think they would get any opposition if they did away with the mortgage interest deduction.

And it cuts both ways.

The average worker like myself that gets health care coverage will no longer get the deduction.

The same goes for the corporation that provides the health benefits.
They will no longer be able to deduct those expenses.

They are trying to kill the middle class and they have the knives at our throats.

WAKE THE FUCK UP AMERICA!!!

:shrug:

They've been itching to abolish that for years.

Probably a guarantee that'll go down if they're not shoved out in 2006.

Probably because a mortgage is tied to a bank. And banks have to hold a small percentage of reserves. And neocons hate any money that is not in the market.

All money has to be in the stock market. All.

Don't tell them about "mad money" girls. Shhhhhhhhhhhhhhh!

I know the bankruptcy law went into affect, but you can't get money from a stone. I would expect a 60% to 70% of homeowners with mortgages failure rate. Think about it, gas prices up, heating costs up, and then no mortgage deduction?

In addition, the Repukes, keep touting that home ownership is at an all time high under their reign. It just does not make sense at all.

Most people at the higher end (not the richest 1%) are still mortgaged beyond their means!

Clnton made the wealthy & corporations pay their fair share of taxes.

Then, they got their Republican boy in office to cut the taxes for the wealthy & corporations...and now they want us to pay for their deficit...and their wars, pork and corporate welfare programs (subsdies)...as they take jobs overseas in favor of cheaper labor...

Now the only fair and right thing to do, is to make the rich pay their fair share of taxes and the republicans will spin it, and say, see..the democrats are going to raise your taxes...

After they stole all the surplus and now want to steal more of our tax dollars via mortgage insurance and Social Security privatizaton!!!

It's a proposal, but it is "stalking horse", meaning that it is meant to be shot down while they prop up something else like ANWAR and killing NPR in its place. They will say something like "Look, we know you want the mortgage deduction, we have 'saved' it for you, now you have sacrfice something else." Of course, the Robber Baron Republicans won't have to sacrifice anything. The Cargo Cult Republicans will continue sacrifice their self-interest by voting Republican until they wake up.

Be very afraid America. You're going to have to give up your mortgage deduction. But wait! The Republicans will save you, but you have to choose some programs that don't have IMMUNITY to be cut.

Yayyyyy! They saved us from them again!

unfriggin believable!

http://www.webcomicsnation.com/neillisst/

To find out just how much...look at your next gas bill...Corporate theft is the WORST FORM, of "UNFAIR" taxation. Nobody wins but the top dogs under this odiously, unfair form, of back door taxation.

Bush is like the Freeper on the radio in Dallas Texas, Mr. Gallagher, who wears bellboy/Rambo uniforms with fake medals and decorations, talks ignorant, nonstop, bullsh*t and above all else, he "DON'T CARE!"

They "Don't Care," if the elderly freeze this winter and they "Don't Care," if the homeless population exceeds the number of American moms and dads who still have jobs that pay a living wage! As long as the Exxon/BushCo's major share holders get their payola checks and their tax breaks, "all is well" in Mudville DC.

Barker in Chief Bush's fake promises to 99% of America, are exactly like the proverbial old "Wish in one hand"! All 'we the people' ever get, is what's in the other proverbial old hand, no matter how hard we work, wish, hope or pray!

Newt's "Contract With America" was a no bid, no win, contract and the taxpayer is now the shaftee. The chickenhawks sure have come home to roost.

May those who roost roast!

Poof:::: :nuke: Bush's wish is our command!