So you're argument is just not to do it right now but sometime later when things are okay, specifically in housing. I'm fine with that.
If it's done right so that disposable income is unchanged, should be no problem in the long run with an adjustment period in the beginning.
The Way Forward: End Tax Expenditures
Re: The Way Forward: End Tax Expenditures
by Kane » Thu Dec 06, 2012 2:46 am
Yeah, but then I begin to wonder if not now when? I definitely don't support the interest deduction and do think it distorts the market greatly but it's not the only way the government messes with housing. I think getting rid of some has knock on effects on others. Just look at who the primary guarantor is for nearly all mortgages right now...government.
I just worry that if we wait it won't happen because these moments are fleeting. If growth picks up substantially this probably won't show up on the chopping block.
I just worry that if we wait it won't happen because these moments are fleeting. If growth picks up substantially this probably won't show up on the chopping block.
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Re: The Way Forward: End Tax Expenditures
by G5000 » Thu Dec 06, 2012 11:13 am
.
We have so many people who can't see a fat man standing beside a thin one without coming to the conclusion the fat man got that way by taking advantage of the thin one. - Ronald Reagan
We have so many people who can't see a fat man standing beside a thin one without coming to the conclusion the fat man got that way by taking advantage of the thin one. - Ronald Reagan
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Re: The Way Forward: End Tax Expenditures
by The Dharma Bum » Thu Dec 06, 2012 11:36 am
Last edited by The Dharma Bum on Thu Dec 06, 2012 11:44 am, edited 1 time in total.
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Re: The Way Forward: End Tax Expenditures
by The Dharma Bum » Thu Dec 06, 2012 11:42 am
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