Solved: Elimination of the homeowner interest tax credit, Accounting Basics

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Elimination of the homeowner interest tax credit

Question: One specific tax deduction being discussed is the elimination of the homeowner interest tax credit. This proposal is strongly rejected by the National Association of Home Builders (NAHB). What are the pros and cons of this tax credit? Why is this issue of any interest to the NAHB?

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Accounting Basics: Elimination of the homeowner interest tax credit

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