Jeb Bush’s Tax Plan Raises Burden for Homeowners

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September 16, 2015

Republican presidential hopeful Jeb Bush announced a tax plan that would limit itemized deductions sharply and cap them, which HousingWire reports will “effectively [raise] taxes on tens of millions of homeowners.”

“[Analysts say] of the $54 billion a year the overall cap would raise in revenues under the Bush tax plan, about $46 billion comes out of the mortgage interest deduction,” the article says.

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