Kiss Some More House Value Buh-Bye!

Figure another 20% or so if these geniuses get their way

Sacrosanct tax breaks, including deductions on mortgage interest, remain on the table just weeks before the deficit commission issues recommendations on policies to pare back with the aim of balancing the budget by 2015.

…At stake, in addition to the mortgage-interest deductions, are child tax credits and the ability of employees to pay their portion of their health-insurance tab with pretax dollars. Commission officials are expected to look at preserving these breaks but at a lower level, according to people familiar with the matter.

The War of the Left on the Middle Class continues.

6 Responses to “Kiss Some More House Value Buh-Bye!”

  1. Yojimbo says:

    Just and update to the “Couldn’t Have Seen This Coming” file.

    They want to raise YOUR taxes instead of REDUCING spending.
    Wait until they spring the VAT on us. Can’t wait to see what they call this to disguise its purpose.

  2. gregor says:

    take a look at H.R. 4646.

  3. Mr. Bingley says:

    gregor, at least that bill is so toxic that there aren’t even any co-sponsors…yet.

  4. Mr. Bingley says:

    SR 2965 make a lot more sense.

  5. gregor says:

    Yeah, for now. I’ll be keeping close watch on it come November 3rd.

  6. Gary from Jersey says:

    I get it now: the government spends its way out of a recession it caused by cutting more jobs and consumer spending by raising taxes to spend it way out of the recession. Which means we can’t die in peace because of the death tax we’re gonna get.

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