GOP in Compromise on Mortgage-Interest Deduction

Quote:
Allies of the real-estate industry on Tuesday succeeded in adding compromise language to the GOP platform supporting the mortgage-interest tax deduction, a day after they lost a fight on the issue.

The overnight turnaround on the issue reflects the real-estate industry’s continued lobbying clout – and the mortgage deduction’s ongoing curb appeal for voters – as Congress begins the process of streamlining the U.S. tax code.


That much for trying to be fiscally-conservative small-government.

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