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Deficit Panel Targets Mortgage Interest Deduction

Homeowners can deduct the mortgage interest they pay each year while submitting their taxes, but a new proposal by President Obama's bipartisan deficit commission would eliminate that deduction. Past attempts to cut the incentive have made little headway in Congress. (AP)
Homeowners can deduct the mortgage interest they pay each year while submitting their taxes, but a new proposal by President Obama's bipartisan deficit commission would eliminate that deduction. Past attempts to cut the incentive have made little headway in Congress. (AP)

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