Which federal subsidy would you get rid of? - KMSP-TV

  • Which federal subsidy would you get rid of?

  • Thank you for participating in our poll. Here are the results so far:

    Charitable tax deductions ($40 billion)
    23%
    237 votes
    Home mortgage interest deduction ($110 billion)
    9%
    83 votes
    Raise Medicare eligibility from 65 to 67 ($148 billion)
    12%
    113 votes
    Raise early Social Security eligibility from 62 to 64 ($144 billion)
    33%
    320 votes
    Child tax credit ($107 billion)
    23%
    223 votes
  • Join the discussion on Facebook

Which federal subsidy would you get rid of?

Posted: Updated:
  • Which federal subsidy would you get rid of?

  • Wednesday, September 19 2012 3:26 PM EDT2012-09-19 19:26:33 GMT
    Five Minnesotans, led by hotel and restaurant magnates Barbara Carlson Gage and Marilyn Carlson Nelson, held their spots on the Forbes 400 list of the wealthiest Americans.
    Five Minnesotans, led by hotel and restaurant magnates Barbara Carlson Gage and Marilyn Carlson Nelson, held their spots on the Forbes 400 list of the wealthiest Americans.

The cuts need to come from somewhere, and many believe federal subsidies are the place to start. So, which federal subsidy would you get rid of? Take our poll.

  • Charitable tax deductions ($40 billion)
  • Home mortgage interest deduction ($110 billion*)
  • Raise Medicare eligibility from 65 to 67 ($148 billion)
  • Raise early Social Security eligibility from 62 to 64 ($144 billion)
  • Child tax credit ($107 billion**)

Want to get rid of something else? Join our discussion on Facebook at http://www.facebook.com/fox9kmsp/posts/283737271727659

*Includes the Home Mortgage Interest Deduction and exclusion of capital gains on principal residence.

**Combines the child tax credit, dependent exemption, and earned-income tax credit for those making low to moderate wages.

Sources: IRS & CBO

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