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It is debatable. The housing and real estate industry is solidly behind this and the goal of having people own their own homes is an admirable one. It is a deduction from income based only on the amount of interest paid by the homeowner. The other side of this contends that it is basically a middle class subsidy since poorer Americans can't qualify for a home of their own--especially now!

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Q: Do homeowners deserve the income tax exclusion on residential property?
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