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The End of the Mortgage Deduction?

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  • Description

    FBN’s Gerri Willis on efforts to end the mortgage interest tax deduction.

  • Duration 0:52
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Deduction hello everybody I'm Gerri Willis so shouldn't there be a mortgage tax interest deduction.

That's what realtors will be advocating for this week as they protest in Washington.

Five and a half years in the housing depression some tax reformers want to take away the deduction that -- average Americans nearly 93 billion dollars.

Every single year.

I disagree here swat.

We've bailed out the banks the auto industry an even the deadbeats who couldn't pay their marriage.

Pulling the rug out from under homeowners who have been doing the right thing by paying their mortgage faithfully now just isn't the right thing to do.

It would destabilize the housing market of the time -- at a critical juncture.

On the verge of recovery that's why am like a loss of the mortgage deduction could send that market back on its heels.

And with that the portions of homeowners everywhere that's my to --

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