The Subprime Mortgage Crunch: Providing Tax Relief for Ex-Homeowners
Publication Date: September 2007
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): JD Foster
Keywords: Taxes; debt; housing; capital gains
Coverage: United States
The President's package of initiatives, while well intentioned, is misguided. A better approach would be to correct the tax treatment of cancelled mortgage debt.