Key Tax Breaks at Risk as Panel Looks at Cuts

The Wall Street Journal reports:

Sacrosanct tax breaks, including deductions on mortgage interest, remain on the table just weeks before the deficit commission issues recommendations on policies to pare back with the aim of balancing the budget by 2015.

The tax benefits are hugely popular with the public but they have drawn the panel's focus, in part because the White House has said these and other breaks cost the government about $1 trillion a year.

In the future , if you are looking for a write off on a second property: good luck.