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And that gives me a perfect -- way to the mortgage deduction -- there is a lot of talk about scaling it back.
Or perhaps eliminating -- overall what you think about that because people look at it and say that's a way to wrap our arms around some of our tax problems.
I think is unlikely to happen if it were to happen that would be part of an enormous tax package certainly are gonna happen and isolation or just for the few items and there's a big constituency out there for maintaining the mortgage interest deduction will you wish your -- and interest from Benjamin Moore paint to shock -- -- -- -- argue part of that.
Sort of the sidewalk lobbyists or not asylum lobbyists no beltway when they're -- on something like that at all but.
The question what -- got a whole package that encompasses that many other things than.
If you eliminate deductions perhaps she would have lower rates for example so you have to look at the package that fight against that are -- which you.
Who would you think that it might -- -- -- housing recovery.
It would depend what it was combined with I mean if you have lower tax rates but eliminated the interest deduction that.
It's hard to measure you have more than one variable affecting.
What do you think of the good old single family dwelling as an investment these days -- I said a year ago that I thought it was it was a very good investment for people.
The -- that there are going to live.
And that locale for a considerable period of time from the house I -- and I told him that I got a very very long term mortgage and I.
I would say the same thing today is not quite as attractive it was a -- -- but it's it's summer attractive.
Polling but only if you're going to keep -- -- -- -- in part because of what the Fed's done an kept low interest rates but is the Fed to.
You know continuing on this easing plan at their own -- looked at some point with GDP looking at about 2.5 percent still.
Still very slow but at least its growth.
How long can they continue this large scale asset purchase plan or should that perhaps -- I don't know the answer that I I do know that.
That does it surprised me how long we've covered already -- and is that no inflationary effect and of course I would expect that.
I I've I've I've been.
I've been wrong I'm expecting inflation for some time but I would say that if you if you keep building the Fed's balance sheet and and -- in the reserves of banks and so on that.
They I think it's uninteresting question how you reverse that and secondly I do think it -- inflationary.
Consequences down the road but I've been wrong.
Well maybe it's Ben Bernanke's problem now but maybe as you said at the meeting he might just pass the baton to the next guy to deal with half a part of the president I have to keep -- but -- I.
Well I've got look at the the issues that your company really has to look at.
What will be the number one issue that your board is talking about today I want to let our viewers know that right after mr.
And the group that we're going to have here believe they have a board meeting right upstairs to keep -- plaza number one issue they're gonna discuss.
We always discuss succession and that's that's the main issue and we want to have and we do have and then we'll meet and talk about it again today but we have a 100% agreement.
On The Who should take over Berkshire -- -- -- -- and we've we've got multiple people look at it could do the job.
The number one candidate is a unanimous choice but we'll talk about that subject we've got a -- member of the board joining us this year or what -- And she what -- part of that discussion and and you're ready -- OK so he just out -- -- mystery guest Tamara wit -- will be joining us in a Fox Business exclusive coming up it's her first interview with the brand new board member having just been voted and shall join us in just a few minutes.
But weren't talking about succession one of the questions the shareholder meeting was.
Is it a cheat Jane who who runs your insurance business -- is a delightful guy you only call about so many times because you keep saying he's so brilliant.
One of the things you and Charlie didn't say was that no it's not a cheat.
Now and we didn't say yes it was a -- did say no -- wasn't anybody else or just it was everybody else so it's not a subject.
We discussed publicly and as I mentioned the meeting we got fifty billion dollars invested in foreign companies much.
Well as far -- express IBM -- vocal.
I don't know the next CEO of any of those four coverage it was going to be and I never have well there.
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