Which metro areas would be hit hardest in the latest tax plan by capping the mortgage interest deduction?

By far the largest housing subsidy in the U.S. is the mortgage interest deduction (MID), which allows homeowners to deduct interest paid on their home loans from income subject to federal income taxes. A key component of the Tax Cuts and Job Acts proposed recently by House Republicans would cap the MID at $500,000, down…                ...(read more)

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