Barack Obama and Joe Biden's Campaign Promise

Urban Policy


Lower People's Interest Payments by Creating a New Mortgage Interest Tax Credit:

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    Many middle class Americans do not receive the existing mortgage interest tax deduction because they do not itemize their taxes. Obama and Biden will ensure that middle-class Americans get the financial assistance they need to purchase or keep their own home by creating a 10 percent universal mortgage credit that gives tax relief to 10 million Americans who have a home mortgage.