The Republican tax plan wages war on the housing industry

REUTERS/Mike Blake The Republican tax plan isa declaration of war against the housing industry. The bill undercuts the mortgage interest deductionby doubling the standard deduction that all Americans can take. It also caps the amount of property taxes that families can deduct at $10,000. There are lots of ways to think about the tax plan that House Republican leaders finally unveiled today. It is, as expected, a gift to large corporations, which would see their top tax rate plummet from 35 to 20...