Mortgage interest deduction is a terrible way to help middle-class homeowners

By Gil B. Manzon Jr., Associate Professor of Accounting, Boston College. Middle-class homeowners need credits, not deductions. Konstantin L/Shutterstock.com Republican lawmakers’ plans to rewrite the tax code would make it harder for most Americans to take advantage of the mortgage interest deduction, which has angered many who claim it’ll push homeownership out of reach for millions…