A Government Hit To Housing

Regardless of your political affiliation, it's hard to argue that Obama's new health care proposal paid for partially by cutting deductions on mortgage interest won't have a negative impact on the housing market at a time when the administration has said it's trying to help the struggling industry.  Below are links to articles on the proposed tax hikes from various publications:

WSJ: $318 Billion Tax Hit Proposed

Bloomberg: Obama Planned Tax Would Hit Highest Earners Hardest

NY Times: To Pay For Health Care, Obama Looks to Taxes on Affluent

Comments

[sox1978]

haha, a $318B tax increase in one of the worst economic and housing situations since the Great Depression. That is intellegent