--- In [email protected], Bhairitu <[EMAIL PROTECTED]> wrote:
>
> akasha_108 wrote:
> 
> >--- In [email protected], Bhairitu <[EMAIL PROTECTED]> wrote:
> >  
> >
> >>The riots in France will pale to ones here in the US if the mortgage 
> >>interest deduction is taken away. :)
> >>    
> >>
> >
> >Those with homes above the regional average price, upper middle class
> >and super rich are going to riot in the streets? At the same time that
> >the AMT would be taken away -- a huge benefit to this class. 
> >
> >(Because of you know of course that the proposal is to simple reduce
> >the deduction to regional averages -- or similar, not eliminate them.)
> >
> >  
> >
> Nobody is really sure what it means and besides it is highly
unlikely to 
> pass.

Its pretty clearly articulated. Its based on the fedearal loan
guarantee limits in each area. 

 But if its not going to pass, whats the fuss?






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