Mortgage

Romney considers elimination of mortgage interest-rate deduction

Presidential candidate Mitt Romney put the mortgage interest-rate tax deduction in play this week as he tries to contrast his tax and economic policies with those of President Obama.

Romney indicated Tuesday that his plan, which involves 20% tax rate cuts across the board, may include reductions in income tax deductions that homeowners receive on home mortgage interest and health care costs, according to CBS News.

Romney previously suggested he would consider ending mortgage deductions on second homes.

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