Tuesday, November 24, 2009
Check out the 6-minute segment on NPR's All Things Considered, Is Tax Deduction for Home Mortgages a Bad Idea?:
(Hat Tip: Claudine Pease-Wingenter.)
The tax deduction for mortgage interest is a cherished benefit for millions of Americans, but most economists think it's a bad idea. One of those economists, Dennis Ventry of the University of California-Davis, talks to host Guy Raz about the history of the deduction, and why the odds of changing it are so long.