Newsquarterly: ABA Section of Taxation Newsletter
Tax Reform Act of 1986, mortgage interest rate deduction
The current tax treatment of qualified residence interest is far from perfect. The President's Advisory Panel on Federal Tax Reform's proposal related to the current home mortgage interest deduction does little to advance Congress' clearly-stated policy of encouraging homeowership while, at the same time, it will have an almost-certain negative effect on home prices. The author asserts that those whose home is their most valuable asset have much to fear should the Panel's recommendations come to fruition.
Deborah A. Geier, On Capital Gains and Marginal Tax Rates, 25 Newsquarterly: ABA Section of Taxation Newsletter no. 2, p. 10 (Winter 2006)