I'm for eliminating tax code distortions, but this would be a HUGE hit for homeowners. Deserves more attention...https://twitter.com/bencjacobs/status/664532068110479360 …
@philipaklein @Bencjacobs still, this is an interesting policy question that could have been fleshed out last night.
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@mattklewis@Bencjacobs So essentially, the mortgage deduction would become less & less relevant over time -
@philipaklein@mattklewis@Bencjacobs simplest way to do it is to bring the indebtedness cap down every year by $100k (it's now $1 mil)
End of conversation
New conversation -
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@mattklewis@Bencjacobs which allows him to create a super big standard deduction, which almost everybody would takeThanks. Twitter will use this to make your timeline better. UndoUndo
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