According to Robert Shiller, the housing market could falter if the mortgage interest deduction is reformed. See what else he had to say in the Video Spotlight.
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Mortgage Deduction Possibility Causes Uncertainty
In December 2016, then incoming Treasury Secretary Mnuchin boldly stated the Trump administration would employ the “largest tax change since Reagan.” However, that change could come with significant adjustments to the mortgage interest deduction, something that sparks mixed emotions across the country.
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