There will be a lot of rhetoric today, since it is tax day, about the Tax Code, and surely we can do better. It ought to be simplified. But there is one facet of it that I think is good public policy. That is the home mortgage interest deduction. It is simple, straightforward, far-reaching, and over 24 million Americans benefit from the home mortgage interest deduction. I believe that whatever happens with the Tax Code, we ought to continue that as a matter of public policy, because all of the things that we all know as American citizens that we derive from home ownership are a good goal for this government. So I would urge that we continue to support the home mortgage interest deduction.
John Tanner: “There will be a lot of rhetoric today, since it is tax day, about the Tax Code, and surely we can do better. It ought to…”
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Discussing the importance of the home mortgage interest deduction on tax day.
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