Obama should ditch mortgage deduction
Balanced
0 Total Slants
Slant this
Slant Totals
0 Left 0 Centered 0 RightEditor's note: Rodney P. Mock is an assistant professor of accounting at the Orfalea College of Business at California Polytechnic State University in San Luis Obispo, California. (CNN) -- Buried deep within President Barack Obama's $3.73 trillion budget for 2012 are changes to the tax code that directly affect homeowners, including a significant shrinking of the mortgage-interest deduction.For every dollar a middle-class family spends on mortgage interest, it gets a 15-cent tax deduction in ret...