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Treasury secretary: Tax reform won’t end mortgage interest tax deduction

 

Steven Mnuchin recently had an interview with the Fox Business Network. Before the interview, an article was published explaining that when it comes to the mortgage interest tax deduction will no change now that Trump is the president. In his interview with Fox, he cemented his stance for the world to see.

 

Treasury secretary: Tax reform won’t end mortgage interest tax deduction

Steven Mnuchin recently had an interview with the Fox Business Network. Before the interview, an article was published explaining that when it comes to the mortgage interest tax deduction will no change now that Trump is the president. In his interview with Fox, he cemented his stance for the world to see.

U.S. Treasury Secretary Steven Mnuchin said the mortgage interest tax deduction will not be changed in the Trump administration’s tax reform, according to an article in Reuters by Eric Beech.

“Let me first clarify, we are not taking away the charitable deduction and we are leaving the mortgage interest deduction as is,” Mnuchin said in an interview on Fox Business Network.

“We think those are both very, very important. But what we are going to do is we are looking at other things where the reduction in deductions will offset the rate,” he said. Treasury secretary: Tax reform won’t end mortgage interest tax deduction | 2017-03-02 | HousingWire

 

in said the mortgage interest tax deduction will not be changed in the Trump administration’s tax reform, according to an article in Reuters by Eric Beech.

“Let me first clarify, we are not taking away the charitable deduction and we are leaving the mortgage interest deduction as is,” Mnuchin said in an interview on Fox Business Network.

“We think those are both very, very important. But what we are going to do is we are looking at other things where the reduction in deductions will offset the rate,” he said.

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