Segment 1: Groundhog Day in Washington SEGMENT BEGINS AT 00:37 Many Americans may not realize that the current debt ceiling debate is not about future expenditures but about already-promised current obligations. The wheel goes round and round and round and yet it...
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An excerpt from Follow the Money Weekly Radio with Jerry Robinson – 11/13/10
To hear the entire program, click here.
As I reported earlier on this program, President Obama’s Deficit Commission has proposed some major spending cuts to Social Security, limiting Medicare and has even suggested the elimination of the popular mortgage interest deduction for homeowners. They have also proposed lowering tax rates and simplifying the tax code.
So here’s this week’s question: If you are a homeowner, would you be willing to give up your mortgage deduction for a flat tax?
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