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Bill would end mortgage tax deduction for 'McMansions' (Los Angeles Times)

Story date: 2007-08-25 06:46:29
Added on: 2007-08-25 16:35:03


Homes 3,000 square feet and up would lose a popular deduction under Dingell's 'carbon tax' bill. WASHINGTON -- To add to mortgage meltdown miseries, the credit panic, plunging home sales and rising foreclosures, here's a new worry: a proposed cutoff of mortgage-interest tax deductions for all houses larger than 3,000 square feet.


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