Crook, Clive
December 2007
Atlantic;Dec2007, Vol. 300 Issue 5, p21
The author offers a critique of the mortgage-interest tax break for American homeowners. The argument is made that, rather than encouraging home ownership, the mortgage-interest tax break actually encourages over-borrowing. The author admits the reluctance of the American presidents to repeal the tax break and notes that Great Britain phased out its mortgage-interest tax break under Margaret Thatcher, former British prime minister, with no ill consequences.


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