A taxpayer who pays a 35% rate on his income may deduct 35% of various expenses -- such as mortgage interest or charitable contributions -- from his taxable income.
So if you accept is that housing is important and must rebound for econmy to imporve, how does lowering the Mortgage deduction do that? Seems to me it becomes less attactive to own real estate for high income people. There by driving down prices.
The Obama plan would have private plans bid to offer coverage in a given geographic area; insurers would then be paid based on an average of the bids.
Sounds a little too free market for the Dems in congress.
The administration will also propose a new measure to make generic drugs available more quickly.
So you are going to lower profits for the drug compaines. hmm. Once again it seems very bad to hurt a econmoic sector durning a downturn.
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