GOP tax plan could rock high end mortgage market
The US Republican party has proposed an overhaul of the tax code, which could slash the corporate tax rate to 20% but could also cut the mortgage interest deductions enjoyed by homeowners, a move that could dent prices at the high end of the housing market.
The Tax Cuts and Jobs Act was proposed by House Republican leaders on Thursday, and could boost corporate tax benefits while also cutting back on several benefits for families and individuals.
One of the measures, a proposed cut to the mortgage payments that homeowners can deduct from their
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