Middle Class, Tax Deduction | featured news

(Image from article: "Tax deduction for mortgage interest could be on the chopping block")

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Romney Pledges to Keep Tax Deductions for Mortgages

Continuing to embrace a more moderate political persona, Mitt Romney offered assurances on Tuesday that he would protect tax deductions for the middle class on home mortgages and charitable donations. And he also also said he had no plans to pursue new laws limiting abortion.

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Tax deduction for mortgage interest could be on the chopping block

It's been around since 1913, but its time may be up. Such a change would generate billions of dollars in federal revenue that could be used to cut the deficit while inflicting little pain on most middle-class homeowners.

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