Do some research beyond this article, Ryan has proposed this in his "Prosperity Plan" the so called "Ryan Budget". Romney has proposed eliminating MID on second home purchases, if you own a home and decide to buy a second you will not be able to take the MID on the second home. Obama is considering this for the 2013 bu...more

OK...eliminate this end that take away this take away that end all deductions stop all subsidies. Sure and in good faith we'll all trust the Feds to lower/reduce taxes for everyone putting OUR MONEY back in our pockets. ARE WE THAT STUPID TO BELIEVE ANY OF THIS? Once they've got it or take it away you/we ain't getting ...more

MID isn't the only thing being looked out, raising the retirement age AGAIN is on the table. I got this from Romney's 5-point plan. Did anyone hear any specific plan or details from either candidate during the conventions...no. We got to meet there families for a copuple of nights. We...are so screwed again. Both parti...more

Thank you Aralee, you've got a cool name to boot!

Completely out of touch with reality, operating in the Twilight Zone. We all paid for "Stimulous"...so how'd that work out for us? I've got breaking news for you Mr. Wang, we all know about standard deductions, itemized deductions so on so forth blah blah blah we don't need a tax lecture. "MID is not part of the buying...more

Adjustments to tax liability realized by mortgage interest deduction result in revenues "money"  for homeowners to buy a new car, put a new roof on the house, a new addition to the house, new appliances, college epenses for our children, medical costs, a vacation trip, investments on and on and on. This is NOT an entit...more

Did some checking:   1. Vice Presidential candidate Paul Ryan's economic policy "Path to Prosperity" eliminates MID. 2. Presidential candidate Mitt Romney economic plan eliminates MID on second homes. 3. Obama fiscal year 2013 budget plan eliminates MID.   Call your State Representative, Congressman and Senator's...more

Let's step back and look again. We the tax payers provide the operating budget / revenues for the federal government. Clint Eastwood nailed it during the RNC; "politicians are employees" we hire these people to do a job for us. There job perfromance is reviewed every 2-4 years (election cycles), when they're not doing ...more

Economists and politicians live in a theoretical model projection  "LA-LA LAND". We're strapped right now,  irresponsible idea casting more doubt and uncertainty about our economic direction. MID IS CONSIDERED when deciding to buy a home, realtors are very quick to point this out. MID is not mandatory so, if anyone fee...more