claim: under obama's budget plan, families making over $250,000 are "going to lose their mortgage deduction, their charitable deductions."
author: cynthia lummis
evidence_1: mar 24, 2009 ... but they better not make more than $250000 a year or they're going to lose their  mortgage deduction, their charitable ... ... here is whether the family of our  tumbleweed farmer, or any other family that makes more than $250,000, would  lose their mortgage and/or charitable deductions under obama's plan.
evidence_2: nov 30, 2012 ... there are two main deduction reductions at play. the pease limitation on  itemized deductions for taxpayers with income of more than $174,450 is set to  come back to life on jan. 1 under current law. (under obama's budget proposal  the pease phase out would start at $261,450 for a married couple filing ...
evidence_3: nov 4, 2016 ... trump's plan cuts off his average $5,000 child care tax deduction at age 13, so  families with older children likely would not have their tax bills cut by 30 ... we'll  go through several scenarios on what could happen to a household's tax bill  under trump's and clinton's plans, using tax calculators developed by ...
evidence_4: mar 25, 2009 ... fresh ammunition arrived march 20 when the congressional budget office, a  nonpartisan arm of congress, put out its long-term analysis of obama's budget, ...  cynthia lummis that under obama's proposal, families earning at least $250,000  a year would lose their mortgage and charitable deductions.
evidence_5: jan 18, 2017 ... three major tax proposals now on the table fail the standard for tax policy set by  treasury secretary nominee steve mnuchin that “there will be no ... the repeal of  the affordable care act (aca), the tax plan that president-elect trump proposed  as a candidate, and the house gop's “better way” tax plan ...