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  • Mortgage Interest Deduction on Chopping Block (2009, real estate ...
    Jul 19, 2011 . By 2020, the mortgage interest deduction will not exist. Direct quote from the " Gang of Six" plan: "Reform, not eliminate, tax expenditures for .

  • How Much Would The Gang Of Six Raise Your Taxes? - Forbes
    Jul 20, 2011 . While the Gang left the heavy lifting of tax reform to the Senate Finance . current tax breaks, including the current deduction for interest paid on up to . credit against interest paid on a primary mortgage of up to only $500,000.

  • Gang of Six 'very close' to an agreement - The Washington Monthly
    Apr 18, 2011 . the gang also reportedly intends to eliminate the home mortgage tax . the mortgage interest deduction without the rest of the Gang of 6 crap.

  • Capital Gains Tax Break Threatened by Bipartisan Senate Plan ...
    Jul 21, 2011 . Musk: 1 Million Electric Cars on Road in 6-8 Years . The proposal from the so- called Gang of Six doesn't mention capital gains and dividends. . keep benefits for low-income workers such as the earned income tax credit.

  • Now House Republicans Must Fight The Gang of 6?s Gangrene ...
    Jul 20, 2011 . So the Gang of Six plan would: Reduce deduction for mortgage interest. Reduce deduction for charitable contributions. Reduce tax credit for .

  • What Obama & the Gang of Six Have Planned for You
    Jul 20, 2011 . Via Accounting Today, the Obama/Gang-of-Six or Seven plan would reduce the following tax deductions: mortgage deductions; 401(k) plans .

  • Gang of 6 deficit effort gains momentum - Yahoo! News
    Jul 19, 2011 . News: Leaders of a bipartisan "Gang of Six" senators said Tuesday that . It would reduce but not eliminate tax breaks on mortgage interest, . charitable deductions, retirement savings and tax credits for families with children.

  • The "Gang of Six" Plan Isn't Worth the Paper It's Printed On
    Jul 19, 2011 . First, it's a little bit unclear how much all six of the "Gang of Six" is . On the mortgage interest deduction, I do understand that it is a big line item . Mortgage interest has been deductible since the first federal income tax law in 1913. . I guess each Senator got a page, 6 pages will solve our Debt problem.

  • House Republicans Make Political Statement As Time For Debt Deal ...
    Jul 20, 2011 . If the Senate kills it, then the House will kill the Gang of Six proposal with its $1 Trillion in tax hikes. The mortgage deduction portion of the Gang .

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    from Self

    Gang of Six Deficit Plan = Bowles-Simpson Lite
    Jul 21, 2011 . The new “Gang of Six” proposal for slashing deficits by $3.7 trillion over the coming decade targets many of the same sacred cows that the .

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    May 2011 Home Base
    A bipartisan group of senators called the “Gang of Six” lead by Senators Mark . If they didn't own a home and have mortgage interest or other tax deductions, . American homeowners are the beneficiaries of the 6th district federal court's April .

    Blog: Gang of Six gambit revives spending shell game
    Jul 20, 2011 . This is being done in the guise of the Gang of Six Plan (summary . In return, they are asked to buy into higher taxes, many of them in the form of "tax reform" eliminating "loopholes" such as the mortgage interest deduction.

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    from Wired

    Bipartisan 'Gang of Six' in Senate developing framework for deficit ...
    . a framework that calls for higher taxes and caps on all categories of government spending. . Thursday, February 17, 2011; 6:02 AM . value of various tax breaks, such as the deduction for home mortgage interest and the tax- free treatment .

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    from Cosmopolitan

    Taking Out Mortgage On Current House
    May 10, 2011 . ps56k posted on. May 10, 2011, 6:30 pm . of $1.1 million and deduct the mortgage interest from your taxes payable. However, any of . If the Gang of Six get their way, starting in 2013, deduction of mortgage interest will be a .

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    Gang of six breakthrough: Behind the scenes - Manu Raju - Politico
    Jul 20, 2011 . Tom Coburn's return to the Gang of Six can't be underestimated. | John Shinkle/ POLITICO . Obama talks Congress, payroll tax. Read More.

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    6 ideas economists love but politicians hate
    #1 Eliminate the mortgage tax deduction, which lets homeowners . Criminalizing drugs also drives drug prices up, making gang leaders rich.

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    Saxby Chambliss and restored Gang of Six join debt-ceiling debate ...
    Jul 19, 2011 . “tax deductions currently granted for home mortgage interest, . Gang of 6 deficit effort gains momentum – USA Today | News Wrap Up .

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