Tagged: middle class

Senate GOP tax bill would delay biz cut, undo deductions

Senate GOP tax bill would delay biz cut, undo deductions

Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but would ignore a House compromise on the hot-button issue of state and local tax deductions.

Senate GOP tax bill would delay biz cut, undo deductions

Senate GOP tax bill would delay biz cut, undo deductions

Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but would ignore a House compromise on the hot-button issue of state and local tax deductions.

“I don’t feel wealthy”: The upper middle class is worried about paying for the tax overhaul

“I don’t feel wealthy”: The upper middle class is worried about paying for the tax overhaul

Mishoe is the type of person – affluent enough for an annual family vacation but not enough for a boat or second home – who potentially stands to lose under the Republican framework for changing the country’s tax code, which threatens to eliminate or deeply cut deductions for mortgage and student loan interest and state and local taxes.

Most Colorado homeowners wouldn’t feel a sting if mortgage interest deduction is cut, but industry is wary

Most Colorado homeowners wouldn’t feel a sting if mortgage interest deduction is cut, but industry is wary

Of new mortgages and refinanced home loans issued so far in Colorado this year, 5.4 percent have been over $500,000. So how big a deal is the GOP proposal to cut the national mortgage interest tax deduction down to that level?

Most Colorado homeowners wouldn’t feel a sting if mortgage interest deduction is cut, but industry is wary

Most Colorado homeowners wouldn’t feel a sting if mortgage interest deduction is cut, but industry is wary

Of new mortgages and refinanced home loans issued so far in Colorado this year, 5.4 percent have been over $500,000. So how big a deal is the GOP proposal to cut the national mortgage interest tax deduction down to that level?

How many families actually own half-million dollar homes?

How many families actually own half-million dollar homes?

Of the many changes to the U.S. tax code proposed in House Republicans’ plan released this week, few are proving to be as contentious as the cut to the mortgage interest deduction (MID).

How many families actually own half-million dollar homes?

How many families actually own half-million dollar homes?

Of the many changes to the U.S. tax code proposed in House Republicans’ plan released this week, few are proving to be as contentious as the cut to the mortgage interest deduction (MID).

How Trump tax plan would alter mortgage interest deduction

How Trump tax plan would alter mortgage interest deduction

Each year, taxpayers subsidize America’s homeowners by roughly $70 billion, with the benefits flowing disproportionately to coastal areas with high incomes and pricey homes, from New York and Washington to Los Angeles and San Francisco.

College towns feel pinch from rental sites like Airbnb

College towns feel pinch from rental sites like Airbnb

The debate over services like Airbnb — often criticized for essentially turning apartments into hotel rooms, putting upward pressure on housing costs and driving out longer-term tenants who can’t afford rising rents — has raged for years in major cities.

College towns feel pinch from rental sites like Airbnb

College towns feel pinch from rental sites like Airbnb

The debate over services like Airbnb — often criticized for essentially turning apartments into hotel rooms, putting upward pressure on housing costs and driving out longer-term tenants who can’t afford rising rents — has raged for years in major cities.