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If GOP scales back the mortgage interest deduction, Californians would be hit hardest

If GOP scales back the mortgage interest deduction, Californians would be hit hardest

The move comes as GOP lawmakers and Trump administration officials already have proposed killing another break — the deductibility of state and local taxes — that benefits California residents more than those in any other state.

No one is talking about totally eliminating the deduction for mortgage interest. It has powerful backers in real estate agents and home builders, who maintain that such a move would cause a sharp downturn in the housing market and hurt broader homeownership efforts.

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