International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss


Temporary Reinstatement of Tax Deduction for Credit Card Interests for the Financially Vulnerable
Intae Yoon, Valerie Stallcup

Authors propose a temporary reinstatement tax deduction for credit card interest to delay or prevent more foreclosure, add financial flexibility among the unemployed or underemployed in the aftermath of the recent recession, and to include those who have been excluded from benefits of recent stimulus programs. Suggestions on how to fund the proposed tax revision are also provided.

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