Online Petition: Don't Drop the Mortgage Deduction

Pages

Online Petition: Don’t Drop the Mortgage Deduction

Help Stop Legislation to Eliminate the Homeowner's Mortgage Deduction!

DontDropIt

Economy • 12/13/12 2:03:10 pm • Views: 656

Please sign the petition and let your voice be heard:

change.org

Or, go to the website: DontDropIt.org

PS: Don;t forget to forward to other people.

4 comments

Jump to bottom

Virginia Plain Thu, Dec 13, 2012 5:23:26pm

Done. I'm buying my first home, and any little bit of deduction helps. Homeownership is a big responsibility, especially financial. And homeownership drives this economy, like it or not.

lostlakehiker Fri, Dec 14, 2012 6:25:12am

This is a tax break for the upper reaches. Your ordinary civilian will never hit the threshold to itemize, whether or not they're paying on a mortgage.

If taxes must go up, limits on the deductions for mortgage interest make sense as a way to raise taxes. Too much is being spent on housing as it is. Houses are too big, too energy intensive, and too far flung. This is not the fault of the poor; it's a feature of upper and upper middle class life.

If you want to preserve a tax break that sometimes trickles down to helping the upper middle a bit, there are other and better ways to do it.

RadicalModerate Fri, Dec 14, 2012 9:26:51am

I think there should be a homeowner's mortgage deduction - within certain limits. Purchasing a house as a primary residence would get the full tax break, and even a second "summer" home I would have no major problem with some tax relief on.
That being said, currently there are tax loopholes that allow people like mortgage "flippers" or other property investors to pay little to no taxes on what in some cases is hundreds of millions of dollars in annual transactions - which in turn gives those individuals six to seven-figure incomes with next to zero tax burden. This type of "gaming" of the system needs to be addressed.

edit:
Ugh. Looking at the poster's history, it appears that the account was created yesterday specifically to hype their own webpage.

philosophus invidius Fri, Dec 14, 2012 9:50:05pm

The mortgage deduction helps everyone. Except those who can't afford to buy a house.

Other counties seem to get by without it, by the way.

Auto

This page has been archived.
Comments are closed.

^ back to top ^

New! Turn off all ads for a full year by subscribing!
For about 33 cents a day (per month) or 22 cents a day (per year), our subscription option turns off all advertisements at LGF!
Read more...

Featured Pages: FemNaziBitch
How a Creationist Fatwa Proved a Shocking Example of Wahhabi Islam’s Influence
The War on Science crosses all boundaries. Usama Hasan was the imam of a mosque in Leyton until he was driven from the post by death threats. This is perhaps the most extreme reaction there has ever been to an article on Comment is free: the death threats were the response of a section of his congregation to a piece he wrote here defending ...

3 hours, 37 minutes ago
Views: 239 • Comments: 4
Tweets: 2 • Rating: 2; Shiplord Kirel
Ex-EMS From Devastated West (Texas) Faces Sentencing for Collecting Pipe Bomb Materials
This is a strange story with a lot of missing pieces. It could well be just coincidence that Reed happened to be collecting bomb materials before the plant blew up, and behaved like a grandstanding goofball afterward. Otoh, I am glad he is behind bars, even if for just a few years. That will keep him on ice long enough for new evidence, if ...

3 hours, 42 minutes ago
Views: 90 • Comments: 0
Tweets: 0 • Rating: 0; CriticalDragon1177
AU seeking submissions from concerned employees of companies challenging the contraception mandate
If any of you work for one of these companies, and you support the contraception mandate and you don't want your employer to be to violate your reproductive rights, American's United is her to help! In case you are worried about contacting them, it is completely confidential. You can remain anonymous. The Affordable Care Act's so-called contraception mandate, met with immediate outrage from the ...

3 hours, 50 minutes ago
Views: 89 • Comments: 0
Tweets: 0 • Rating: 0; FemNaziBitch
Michigan Lawmakers Considering Abortion Bill That Would Force Women to Buy ‘Rape Insurance’
I can't follow this. So including abortion in regular health insurance policies is bad because it pools everyone's money with the fertile women's money? Is that the illogic? Michigan Gov. Rick Snyder (R) vetoed the proposed insurance ban last year for exactly this reason -- pointing out that it would require rape victims to pay for the total cost of their abortion procedure out-of-pocket, ...

4 hours, 3 minutes ago
Views: 93 • Comments: 1
Tweets: 0 • Rating: 2; Lord of the Pies
St. Paul YMCA and Police Start Somali Girls Swim Group—Fox News Freaks Out!
More: St. Paul YMCA and Police Start Somali Girls Swim Group Rayan Dhamuke, 12, doesn't get to swim a lot, unlike her brothers. During the past summer, she had to visit the pool at 5 a.m. so that she would have the privacy she needed to enjoy the water while still adhering to her family's cultural and religious beliefs. To better accommodate girls like ...

8 hours, 13 minutes ago
Views: 276 • Comments: 3
Tweets: 18 • Rating: 4; FemNaziBitch
Hobby Lobby and Corporate Personhood: The Alarming Conservative Crusade to Declare Everything—Except People—a Legal ‘Person.’
Making chimpanzees legally "persons" will have inintended (or perhaps intended) consequences. There was an article awhile back regarding the "personhood" of dogs as sentient beings. It's more than the new buzzword. It's a fundamental redefining of our legal system. Conferring human attributes such as religious conviction and the capacity for embarrassment on a corporation is dangerous. Conferring human rights upon a fertilized egg is ...

6 hours, 5 minutes ago
Views: 146 • Comments: 2
Tweets: 0 • Rating: 1; Skip Intro
ALEC Facing Funding Crisis From Donor Exodus in Wake of Trayvon Martin Row
This is a very detailed article, with documentation, that's well worth taking the time to read if you have any interest in how the GOP makes its policy decisions. An influential US lobbying network of Republican politicians and big businesses is seeking to avert a looming funding crisis by appealing to major donors that have abandoned it over the past two years following criticism ...

6 hours, 6 minutes ago
Views: 213 • Comments: 1
Tweets: 16 • Rating: 3; Lord of the Pies
Republican Governor Pushing to Loosen Child Labor Laws & Lower Minimum Wage
More: Forward Progressives -- Republican Governor Pushing to Loosen Child Labor Laws And the Republican march to return us to a society similar to that of the late-1800′s continues. The latest move comes by way of the Republican Governor from Maine, Paul LePage, announcing that he will continue to push for the loosening of child labor laws through the new year. He apparently thinks ...

9 hours, 47 minutes ago
Views: 378 • Comments: 11
Tweets: 8 • Rating: 3; Randall Gross
Republicans to Waste More Taxpayer Money on Four More ObamaCare Hearings This Week
Don't believe the recent press that the GOP war on the ACA is over, they've merely begun wasting taxpayer's dollars and time on this nonsense in Congress. I call these hearings a waste of money because they are not really hearings; they are full on propaganda shows, put on by the GOP in order to get negative ObamaCare press they can use in 2014. ...

10 hours, 9 minutes ago
Views: 188 • Comments: 2
Tweets: 4 • Rating: 4; Randall Gross
O’Reilly Applauds Anti-LGBT Group in Annual ‘War on Christmas’
Fox news channel's fading chief demagogue and culture war rant meister allies with a horrible group to further the cause. What O'Reilly fails to mention is that while defending Christmas in the fake war at home, the ADF is waging a vastly different and very real legal war abroad: an aggressive effort to imprison LGBT people. For three years, the ADF and a few ...

10 hours, 16 minutes ago
Views: 224 • Comments: 2
Tweets: 11 • Rating: 1

Recent Pages: thecommodore
Climate Change Denier Lamar Smith to Lead House Meeting on Extraterrestrials
And this guy is the chairman of the House Committee on Science, Space, and Technology. I expect the bombshell revelation that Michele Bachmann is, in fact, from Mars. The hearing's charter states that, "With the discovery of potential Earth-like planets outside of our Solar System, the hearing will also investigate what methods are being used to determine if any of these planets may harbor ...

18 minutes ago
Views: 24 • Comments: 0
Tweets: 0 • Rating: 0; CriticalDragon1177
The elephant in the context
We all know about the importance of context in understanding and judging the actions of others. If the person who stole a loaf of bread was starving, and trying to feed her starving child, we judge the theft differently from the way we judge an equivalent theft carried out by some opportunistically looting hooligans. So what would you think of someone who told you ...

1 hour, 43 minutes ago
Views: 74 • Comments: 0
Tweets: 0 • Rating: 0; Brother Holy Cruise Missile of Mild Acceptance
Sea Eagle steals camera left to video crocodiles
Courtesy of Slate: Park rangers set up a tiny camera in Western Australia last May to film fresh-water crocodiles in the Margaret River. When it disappeared, they figured it had fallen into the water. They were wrong. The camera was later recovered and returned to the rangers, who then strung together the delightful footage above. A misguided young sea eagle snatched up the device ...

2 hours, 15 minutes ago
Views: 47 • Comments: 0
Tweets: 0 • Rating: 1; FemNaziBitch
DON’T DRINK RAPE JUICE! Police Have Great Advice on How Not to Get Raped This Christmas
LADIES: HOW MUCH RAPE JUICE HAVE YOU BEEN DRINKING? The SMART program also has a brochure for men that implores them to make sure to ask ARE YOU SURE before having sex, but that doesn't erase the fact that the campaign assumes that 1. only women are rape victims 2. only men are rapists 3. rape victims who drink too much are at least ...

2 hours, 27 minutes ago
Views: 80 • Comments: 2
Tweets: 1 • Rating: 2; Skip Intro
Tea Party Radio Host Misses Felony Court Date Because He Was in Jail for Extortion and Drugs
A Michigan tea party activist missed a scheduled court appearance in Wisconsin because he spent Thanksgiving weekend in jail on felony charges in the Upper Peninsula. Doug Sedenquist was arrested last week and charged with extortion, using a computer to commit a crime, aggravated stalking and possession of a drug chemically similar to a controlled substance. The extortion and computer crime charges each carry ...

2 hours, 31 minutes ago
Views: 57 • Comments: 2
Tweets: 0 • Rating: 1; Political Atheist
Gold Is 32% Less Costly Than Last Year. Think Gold For Gifts
Hot Shopping Tip For 2013Image from- stevenkretchmer.com Disclosure-My day job is tightly related to gold sales to the jewelry biz. And that pendant is made by a good friends company. But hey, I sell raw materials not jewelry. I just think that since gold got so hard to afford in the last few years, it's worth bringing up when it's a much better price. ...

2 hours, 32 minutes ago
Views: 63 • Comments: 5
Tweets: 1 • Rating: 1; Randall Gross
J.S. Bach - Crab Canon on a Möbius Strip
The enigmatic Canon 1 à 2 from J. S. Bachs Musical Offering (1747), The manuscript depicts a single musical sequence that is to be played front to back and back to front.Video by Jos Leys (

8 hours, 40 minutes ago
Views: 103 • Comments: 0
Tweets: 0 • Rating: 1; Lord of the Pies
Bankruptcy Ruling Shocks, Disappoints Detroit Retirees, Wingnuts Celebrate
Susan Tompor reports: Susan Tompor: Bankruptcy Ruling Shocks, Disappoints Detroit Retirees Darwina Wallace, 69, first heard that her city pension was a step closer to being cut when a friend who also retired from the city called her "up in arms" and demanded that she turn on the TV. Wallace, who lives in Detroit, discovered that U.S. Bankruptcy Judge Steven Rhodes ruled Tuesday morning ...

8 hours, 45 minutes ago
Views: 100 • Comments: 1
Tweets: 0 • Rating: 1; chadu
Declutterfest 3: Return of the Book-i
Okay, folks, Declutterfest 3 is a go for this weekend. And now, we enter the Office, where the good stuff lives! As before, it's SOP: Saturday; anytime after noon. I provide pizza, beer, Coke, and water (BYOB otherwise), and you bring two boxes: one for me, and one for you. (I'll probably also hit Staples and get 4-8 boxes this week anyway.) We go ...

1 day, 2 hours ago
Views: 105 • Comments: 2
Tweets: 1 • Rating: 1; Kragar
Vatican and Oxford University Publish Trove of Ancient Bibles Online
For all the history buffs out there. A treasure trove of ancient bibles and rare Greek and Hebrew texts are being made available to the public through a website set up by the Vatican and Oxford University. A priceless 1455 copy of the Gutenberg Bible -- the first major book to be printed with movable type in the West and one of fewer than ...

1 day, 2 hours ago
Views: 182 • Comments: 3
Tweets: 11 • Rating: 5