Detailed text transcripts for TV channel - FOXNEWS - 20121027:14:07:00
Gotten rid of that deduction before the bubble. now that we've had the crash, a lot of people buy homes because they look at the after tax benefit and for home sales, at best phased out. do you it overnight you'll see home prices drop, 10, 20% and people might start to by in anticipation of it going away. the other one is health care, get that free, take that deduction away and all of a sudden your health care costs go up. you can't get out of these in a short period of time, too disruptive to the health care industry and home building industry. >> and here is the problem with that deduction w...