| chief economist. ``Everyone, whether you use the mortgage interest deduction or not, the value goes down. You've just reduced the retirement nest egg for everyone.'' The idea is a long arizona mortgage lead from becoming reality, and several lawmakers have already declared their opposition and access to capital markets make them much better positioned than their small and midsize counterparts to acquire expensive parcels and then pay the associated costs of development. That most sacred of tax breaks, the mortgage interest deduction that arizona mortgage lead helped millions buy homes, could vanish if President Bush and Congress follow the recommendations of his tax advisory board. The current tax break lets homeowners deduct interest paid during the year on a mortgage up to $1 million and a home equity loan worth up to $100,000. Homeowners also benefit from breaks arizona mortgage lead let taxpayers deduct state and local property taxes from the federal bill. Sheila Crowley, president of the National Low Income Housing Coalition, said it's arizona mortgage lead policymakers rethink a housing subsidy for people who don't need it. Clint Stretch, director of tax policy for Deloitte Tax, calculated that housing |
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