35T in debt, we cant pay for our current social welfare programs, in 20 years, our whole budget will be consumed by debt interest payments. Do the math, just taxing billionaires is not going to solve the problem. The middle class will be paying for this.
You make a good case for a credit, instead of a deduction (that many can't take advantage of). Here's an alternative - a tax-free transfer from an IRA or qualified plan up to X ($20,000?) to help purchase a home, with the home's adjusted basis reduced by the amount of the tax-free income.
35T in debt, we cant pay for our current social welfare programs, in 20 years, our whole budget will be consumed by debt interest payments. Do the math, just taxing billionaires is not going to solve the problem. The middle class will be paying for this.
You make a good case for a credit, instead of a deduction (that many can't take advantage of). Here's an alternative - a tax-free transfer from an IRA or qualified plan up to X ($20,000?) to help purchase a home, with the home's adjusted basis reduced by the amount of the tax-free income.