Mortgage Interest Deduction Reform: Senate Bill 852

I am so encouraged by the recent movement around Oregon Senate Bill 852, which would phase out the mortgage interest deduction for Oregon’s richest 5% and those owning second homes. There is literally no reason to subsidize this demographic, especially in this day and age when we are reckoning with the results of decades of racial and economic injustice.

We have an opportunity, with SB 852, to reform a tax structure that unjustly subsidizes high income earners and costs Oregon approximately one billion dollars every other year.

Housing Oregon, a coalition of over 75 organizations committed to doing the work needed to improve access to affordable housing, has created a wonderul summary of SB 852, outlining the benefits, and the specifics of who will be affected. Read more here>>