Friday, January 13, 2012

Kanas Governor Proposes Elimination of Mortgage Interest Tax Deduction in New State Budget Proposal.

Kansas City Star story HERE.

Governor's Budget document is HERE.

For the record, I'm not a fan of Governor Brownback and there are likely portions of his budget that I would have big problems with [for example, eliminating individual state income tax on non-wage business income (e.g., from LLCs and S-corps)]. 

With that said, it IS a bold measure to propose in his budget the elimination of the mortgage interest and other tax deductions.

Originally created and posted on the Oregon Housing Blog.

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