06-22-2015, 03:08 PM
(06-22-2015, 02:06 PM)michaelsean Wrote: Yeah I suppose there would be some. Sole proprietor type deductions?
Do you think the mortgage interest deduction is pandering to the wealthy?
Nah, medical expenses. Cancer will do that.
I think keeping the mortgage and charitable donations deductions alone is pandering to the wealthy because they are the ones that do benefit the most from those two deductions. The middle class is currently benefiting from the mortgage interest deduction, though we will be seeing that decrease as the middle class continues to shrink and the Millennials fill in what is left of the middle class since we are not buying homes like the generations before us.
So those deductions in and of themselves are not pandering, but getting rid of all the others and keeping only those two? That's pandering to the wealthy.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
