Tax incentives for home owners made headlines this week, as the National Association of Home Builders states its objection to the Republican tax plan. One specific deal breaker – an expected alternative to the mortgage interest deduction never materialized in the plan.
HBSDealer’s weekly poll question asked readers: “What’s your position on the Mortgage interest Deduction?” Here’s the tally of responses after 87 votes:
• 49%: MID must be saved in its current form, not some watered-down version.
• 31%: Lower taxes overall are more important than home ownership incentives.
• 20%: MID isn’t necessary, as long as there is some tax incentive for home ownership.