Rep. Peter DeFazio (D-OR) on Wednesday offered a critical response to Larry Summers, the former economic adviser to President Obama who earlier in the day suggested that the mortgage interest deduction should be phased out as part of the ongoing “fiscal cliff” negotiations. The deduction allows homeowners to trim their taxes based on the amount of interest they pay on their housing loans.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=163305