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Opinion: The GOP has your mortgage tax break in its sights

Opinion: The GOP has your mortgage tax break in its sights

To critics, the deduction distorts housing markets by making people overpay for homes and is regressive, since people with expensive houses use it more. (This assumes economists know household budgets and local markets better than household heads do). To homeowners, it’s a practical way of coping with already budget-stretching prices. For them, a rapid repeal would be hard to cope with.

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