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View Diary: Robert Reich Gets It Right (171 comments)

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  •  I'd probably raise that $12k cap (3+ / 0-)
    Recommended by:
    slinkerwink, divineorder, blueoasis

    on home mortgage interest deduction to at least $20k.

    The interest on a $250k home at 6% interest (if inflation takes off in later years) is far more than $12k.  And $250k is a medium-price for the Mid-West. Doesn't begin to cover the cost of housing on the coasts in CA and the NE.

    One may live without bread, but not without roses.
    ~Jean Richepin
    Bread & Roses

    by bronte17 on Tue Nov 13, 2012 at 11:15:16 AM PST

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