Subject: Mortgage Interest Deduction
Comment: If you wish to eliminate the alternative minimum tax- then maybe a raise in taxes for upper income Americans is in order. They are the ones who can afford it- not the middle class who have got into the alternative minimum tax because of continued raising pay to cover for inflation. The cut off rate for falling into the alternative minumum tax should be raised to $200,000 a year so middle class taxpayers would not fall into this trap. Leave the Mortgage Interest Deductions alone- or you will end up ruining the Real Estate market and cause middle class taxpayers to reconsider buying homes. Home values may also fall if the mortgage deductions are changed or eliminated!