Word: ownership
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Dates: during 1980-1989
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PROPONENTS bill the mortgage interest deduction as the average citizen's ticket to the American Dream--home ownership. Unfortunately, the average citizen gets only a small portion of the benefits. The mortgage interest deduction is worth far more to the rich, who are in higher tax brackets and tend to own more expensive homes...
Every attempt to introduce some measure of fairness into the deduction has met with protests about the "sanctity of home ownership." Mondale went so far as to call the mortgage interest deduction "the only deduction that is in the tax law that does any good at all for the average American...
...according to Mari E. Morgan and other Cambridge property owners, 1-2-3 would offer those same Cambridge residents a fair shot at home ownership, an opportunity they lack under current rent control policies...
...first problem is that there would not be that much tax revenue. Although newly-bought apartments would be taxed at market value, the home ownership tax exemption would discount the taxable value by about...
...sued Keating and other insiders for bilking Lincoln of $1.1 billion. Among other things, the suit alleges, Keating, his wife, his daughter and five other insiders sold 1 million shares of American Continental Corp., which owns Lincoln, to the employees' stock-ownership plan for nearly $8 million, more than they were likely to get on the open market...