Homeowner Interest Tax Credit
Not what you're looking for?
One specific tax deduction being discussed is the elimination of the homeowner interest tax credit. This proposal is strongly rejected by the National Association of Home Builders (NAHB). What are the pros and cons of this tax credit? Why is this issue of any interest to the NAHB?
Purchase this Solution
Solution Summary
This solution discusses the pros and cons of the homeowner interest tax credit and explains why it is an interest to the National Association of Home Builders (NAHB). Includes APA formatted references.
Solution Preview
The benefit of eliminating the homeowner interest tax credit is the opportunity to gain about "$150 billion of additional revenue for the federal government" (Handley, 2011). Financial experts say the homeowner interest tax credit encourages consumers to carry more debt, thus contributing to financial instability. They argue that the incentive distorts the housing market. These experts feel Congress should ...
Education
- BA, University of Southern California
- MSS, United States Sports Academy
- Ed.D, Boise State University
Recent Feedback
- "Thk u"
- "Thank you!:)"
- "Thank you!:)"
- "Thank you!:)"
- "Thank you!:)"
Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Lean your Process
This quiz will help you understand the basic concepts of Lean.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.