Podcast on Mortgage Interest Deduction Effects

This week I appeared on the Tax Foundation’s regular podcast to talk about the mortgage interest deduction in a preview of our paper being published next week. We talk about the effects of the mortgage interest deduction on home buyers, the housing industry and the wider U.S. economy. To listen, click here: Tax Policy Podcast, July 21, 2011.

Also see the Tax Foundation blog here.

And for more reading on the mortgage interest deduction see this blog post that previewed some of the findings in our paper and critiques many of the frequently cited industry arguments.

If you are interested in the future of the mortgage interest deduction and live in the greater Washington D.C. area, we are holding an event next Thursday with the Tax Policy Center that is free to the public and comes with both a tasty lunch and promise of a robust and well-balanced debate. See the invite here.

(One correction to the podcast: I mixed up some of the numbers in my head. Itemizers are closer to 30 percent of taxpayers and so about 25 percent of taxpayers wind up taking the MID. The number has ranged from 21 to 26 percent over the past decade and a half.)

Anthony Randazzo

Anthony Randazzo is director of economic research for Reason Foundation, a nonprofit think tank advancing free minds and free markets. His research portfolio is regularly evolving, and he maintains a wide interest in economic policy at both a domestic and international level.

Randazzo is also managing director of the Pension Integrity Project, which provides technical assistance to public sector retirement system stakeholders who are seeking to prevent pension plan insolvency. His research focus on the national public sector pension crisis has a dual focus of identifying the systemic factors that cause public officials to underfund pension obligations as well as studying the processes by which meaningful pension reform can be accomplished. Within the Project he leads the analytics team that develops independent, third party actuarial analysis to stakeholders considering changes to public sector retirement systems.

In addition, Randazzo writes about the moral foundations of economic theory, and is currently developing research on the ways that the moral intuitions of economists influence their substantive findings on topics like income inequality, immigration, or labor policy.

Randazzo's work has been featured in The Wall Street Journal, Forbes, Barron's, Bloomberg View, The Washington Times, The Detroit News, Chicago Sun-Times, Orange-County Register, RealClearMarkets, Reason magazine and various other online and print publications.

During his tenure at Reason he has published substantive research on housing finance, financial services regulation, and various other aspects of economic policy at the federal level. And he has written regularly on labor economics, tax policy, privatization, and Turkish-U.S. political and economic issues.

Randazzo has also testified before numerous state and local legislative bodies on pension policy matters, as well as before the House Financial Services Committee on topics related to housing policy and government-sponsored enterprises.

He holds a multidisciplinary M.A. in behavioral political economy from New York University.

Follow Anthony Randazzo on Twitter @anthonyrandazzo