As the costs of both homeownership and renting rise, it's the wrong time to cut the mortgage interest tax deduction.
The American Dream of homeownership - for years a powerful milestone for young families - is becoming harder to achieve. At the same time, new research shows that rents are increasing and housing costs are becoming a larger part of family budgets.
We know that now is the wrong time to increase costs for homeowners. North Carolina needs to protect the Mortgage Interest Deduction to help families obtain or retain their homes.