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Elimination of Part or All of Mortgage Interest Deduction Likely

At the top of the list, the mortgage interest deduction is in line to be removed to create tax revenue.

The voters in this country have spoken. With this vote there are consequences, as everyone knows. The fiscal cliff is looming, which means an agreement needs to be worked out to get our economic house in order.

I continue to pound the drums that our country needs to reduce spending. No matter how much money is raised through tax increases, that has to accompany spending cuts.

OK, I want to go on record to say I am willing to pay more in taxes for the good of my children and future generations, but not without reducing our deficit. This country has spending habits that have gotten totally out of hand over the last few years.

We keep being told that there will be no tax increase for the middle class, if you believe that I have a bridge I would like to sell you in Brooklyn. Keep watching the deductions, that you will lose. Keep watching increases in costs, like gas, food and insurance. I wonder if your income stays pace?

Mortgage-Interest Deduction Could Fall Prey to Revenue Needs

By: Pete Carey

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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
Mrs. Lisa Bonanno, 6th grade Language Arts teacher at Assumption School, recognizes Hannah Mitchell, a seventh grade student who read eleven books from the Nutmeg lists.
Timothy Becker May 10, 2013 at 08:19 am
Assumption School offers an excellent education, with small class sizes. The environment isRead More welcoming for every child, and values that last a lifetime are taught. Students also make friends for life. I still hang out with my friends from the Assumption School class of 1966!
John Gollinger May 10, 2013 at 04:08 pm
Thank you.
Nutmegger May 10, 2013 at 03:06 pm
The Manchester Historical Society has a genealogy group that meets on (I believe) the second TuesdayRead More of every month. Contact info@manchesterhistory.org for details on how they can help you. Also, the Connecticut Society of Genealogists, Inc. regularly helps people with requests on their Facebook page. The CSG library is located right on Maple Ave. in East Hartford. Their website is csginc.org and their Facebook is at facebook.com/ConnecticutSocietyofGenealogists.