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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (266466)	12/29/2005 4:30:20 PM
From: bentway	Respond to of 1574610

I think you just get the interest deduction on TWO, but not three houses. If enough congresspeople buy three houses, it'll probably expand. What's wrong with tax breaks that have a cap (like the 500/250k sale break, and the interest breaks) to prevent the really wealthy from gaming them? 70% of Americans own homes today and can take advantage of these tax breaks. Are 70% of Americans "the rich"? I personally think the interest deduction break should be limited to the house you live in, to discourage speculation.