Jesús Arturo Devesa

Economist , MBA

Impact of Fiscal deficit reduction policies over economic sectors

Ideas and data for congressmen and senators:

Fiscal deficit reduction through real estate (04/08/12):

Our study about cost of mortgage interest and real estate taxes show us that mortgage interest and property taxes should not be tax-deductible.

The government should not pay a large fraction of the cost of homeownership.

The remove of these tax-deductible items would be the most progressive tax policy because upper-income taxpayers are the big beneficiaries of that deduction.

The remove of these tax-deductible items would also facilitate the successful management of land.

It should be an important asset in fiscal deficit reduction.

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