Reports by Will Fischer

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  • Mortgage Interest Deduction Is Ripe for Reform
    Will Fischer and Chye-Ching Huang
    April 4, 2013

    Costing about $70 billion a year, the mortgage interest deduction is one of the largest federal tax expenditures, but it appears to do little to achieve the goal of expanding homeownership.  The main reason is that the bulk of its benefits go to higher-income households who generally could afford a home without assistance:  in 2012, …
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