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The Real Purposes of a Home Mortgage Interest Deduction

Boortz; [1]

Would some Rudy Giuliani supporter, or perhaps a campaign staffer, please write and explain to us the value of a home mortgage interest deduction to someone who does not pay income taxes.

Simple question … someone should have an answer.

Neal… come to me in the first place.

The purpose is twofold;

The deduction, comes back to the homeowner in the form of a bigger refund. They just don’t CALL it that, in Rudy’s proposal.

The other purpose of course is buying votes.