April 25, 2024 6:41 am
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Toll Brothers CEO: Changing mortgage deduction would discourage homeownership

Making changes to the popular mortgage interest rate deduction would be “very bad policy,” Toll Brothers CEO Doug Yearley told CNBC.

Industry sources told CNBC reducing the deduction is on the negotiating table as Republicans work to hammer out a tax reform package.

“I don’t think it’s going to gain traction,” Yearley said.

By Michelle Fox | CNBC

Making changes to the popular mortgage interest rate deduction would be “very bad policy,” Toll Brothers CEO Doug Yearley told CNBC on Tuesday.

Industry sources told CNBC reducing the deduction is on the negotiating table as Republicans work to hammer out a tax reform package.

“It would discourage homeownership,” Yearley said in an interview with “Closing Bell.”

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.