Skip to comments.Best Bad News Possible (Bye-Tax Ememption for mortgate)
Posted on 09/27/2007 4:29:33 AM PDT by radar101
John Dingell proposes not only a huge gas tax but also ENDING THE HOME MORTGAGE DEDUCTION for large homesall this to fight global warming change. (Pause. Laugh. Roll eyes.) Now, Dingells not serious about any of thishe said as much over the summer on the Sunday talk shows. He says he just wants to get the discussion goingand, if my memory is correct, he also said that he wants to show others that its impossible to pass this kind of stuff.
But just now hes acting serious about it. As a conservative/libertarian, this is wonderful news to me. There is no quicker way to end the publics acceptance of the many lies about climate change than to demand we both change our behavior and pay to fix the problem. Suddenly, doubts about global warming will be far more numerous, and only the most politically suicidal of Democrats will continue to spout their scare-mongering rhetoric.
So thanks, John Dingell. Thanks much! Ohand I guess we can take this as a sign that at 80-something years old, you are no longer interested in representing the auto industry in your district, right? And that youll be retiring soon?
Wow. The good news just keeps rollin in.
The home mortgage interest deduction should be eliminated, but not for this silly reason.
Dingus has made a shrewd move. His proposed legislation shows the horrors the GW crowd wants to inflict on all of us. He’s doing it to force his fellow DemonRats to rein in the hysteria.
***So thanks, John Dingell. Thanks much! ***
I also remember it was Dingell who resigned from the NRA board of directors and voted for Clinton’s assault rifle ban.
I haven’t forgotten it was HIS vote that got the bill passed.
Not selectively, either.
Moreover, many economic distortions, once introduced, can only be removed at the cost of almost as many unfair outcomes as they introduced in the first place.
Indeed, as should all other credits and deductions, along with the regressive tax rate. Flat tax, no exceptions. Let the deadbeats pay for some of what they're stealing from the taxpayers for a change.
I'm with you all the way except for this statement. Keeping MY money with a deduction is not stealing from the taxpayers. "Targeted" deductions and exemptions are definitely not right, but it is MY and YOUR money, not the government's. Keeping it is not stealing. The stealing comes when the government takes money from taxpayers who do not have the exemption.
Sorry - my statement concerning the 'deadbeats' stealing from the taxpayers was NOT in reference to those (which includes me) taking advantage of the various deductions in the tax code. It was, instead, in reference to the regressive tax rate that puts a large proportional burden on the earners in this country while letting the deadbeats and slackers get by without paying their fair share (or worse, by giving the lazy "earned-income credit").
In other words, the stealing occurs when government takes a higher proportion of the income from half the working population and uses it to buy the votes of the other half.
I know a BIG lib that lives in a BIG house (probably 4k+) all by herself.
I’m going to ask her what she thinks of the government deciding that her house is “too big” and would like to punish her for it.
Of course, this penalty will not affect those who don’t have a mortgage, or for whom the mortgage deduction doesn’t mean much. You can bet Dingus isn’t affected.
“The home mortgage interest deduction should be eliminated, but not for this silly reason.”
Wow. I've been gone from FR or a while. Where are you people coming from?
Ahhh....that’s better. Say what you mean the first time please.
Gotcha! I agree entirely.
For many years, I was sceptical about global warming. But what me 100% certain that it is all a hoax is when the left recently changed the name from "global warming" to "climate change" in a blatantly obvious attempt to cover their @sses.