Post a New Question

Economics

posted by on .

The Tax Reform Act of 1986 eliminated the deductibility of interest payments on consumer debt (mostly credit cards and auto loans) but maintained the deductibility of interest payments on mortgages and home equity loans. What do you think happened to the relative amounts of borrowing through consumer debt and home equity debt?

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question