Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/did-us-tax-policy-contribute-t Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Did U.S. Tax Policy Contribute to the Housing Bubble? Economy Jun 26, 2009 11:31 AM EDT Question: How much does (did) federal tax policy contribute to the housing bubble? If it was a contributing factor, how should that policy be reformed? Paul Solman: Not much, I wouldn’t think. Tax deductibility of mortgage interest has been around since the advent of the income tax itself, early in the 20th century. It predates the bubble by almost a century. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now
Question: How much does (did) federal tax policy contribute to the housing bubble? If it was a contributing factor, how should that policy be reformed? Paul Solman: Not much, I wouldn’t think. Tax deductibility of mortgage interest has been around since the advent of the income tax itself, early in the 20th century. It predates the bubble by almost a century. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now