
Tax cuts and rate hikes with Powell in the wings… these are a few of my favorite things.
Photo by Jorge Alcala on Unsplash House and Senate negotiators are working on their first edits to the newly proposed tax legislation. Both sides have agreed (not officially) to limit the deduction for mortgage interest on loans to $750,000 or less, as compared to the $500,000 that the House’s original bill called for. Bloomberg has a nice article on the details here. This is a far cry from some game-changing negotiation, but it might soften the blow for the valued tax break.