Tax Policy Center

mortgage interest deduction

Federal Budget and Economy: TaxVox

The Federal Government Spends Lots More than You Think

When we talk about the federal budget, we usually rely on the government’s official definition of “spending” which is to say the amount of money...
March 26, 2012Howard Gleckman
State and Local Issues: TaxVox

What Tax Reform Would Mean for the States

What would fundamental changes in the federal tax code mean for state and local governments? Would it limit their ability to raise or borrow money?...
February 7, 2012Howard Gleckman
Federal Budget and Economy: TaxVox

Obama’s Cap on Tax Deductions: Not What It Seems

It turns out that President Obama’s plan to limit the benefit of itemized deductions is much more than that. Not only would it reduce tax...
September 13, 2011Howard Gleckman
Individual Taxes: TaxVox

Not All Tax Breaks Are Created Equal

It has become fashionable (I am happy to say) for politicians to talk about ending or at least scaling back tax subsidies . But pols...
August 24, 2011Howard Gleckman
Federal Budget and Economy: TaxVox

What Would the Gang of Six Really Do to Taxes?

As my Tax Policy Center colleague Donald Marron noted the other day, trying to sort through the various baselines in the Gang of Six’s bipartisan...
July 22, 2011Howard Gleckman
Federal Budget and Economy: TaxVox

Tom Coburn: Tax Subsidies Are Socialism

Give Sen. Tom Coburn(R-OK) credit. In a city where obfuscation and misdirection are the coin of the realm, the conservative Republican lets you know exactly...
July 19, 2011Howard Gleckman
Federal Budget and Economy: TaxVox

Rx for a Double-dip Recession: Cut Government Spending by 15 Percent

Apparently nostalgic for recession, more than 100 House Republicans have proposed to cut federal spending by $550 billion in 2012. The Republican Study Committee (RSC)...
June 7, 2011Howard Gleckman
Federal Budget and Economy: TaxVox

What Would Happen if Congress Rewrote the Mortgage Interest Deduction?

The deduction for interest on home mortgages may be the most beloved of all tax subsidies. A politician needs only to muse about repealing or...
March 1, 2011Howard Gleckman