STAFF COLUMNIST
For decades, the U.S. government has attempted to encourage home ownership through a tax provision called the home mortgage interest rate deduction (HMID). Formed in an era before politicians began christening each of their creations in Orwellian NewSpeak, the HMID does exactly what its moniker suggests: for those taxpayers who itemize, the HMID allows any interest payments on a home mortgage to be deducted from their taxable income.
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