Thank you, Mr. Chairman. If I could switch back to the suggestion of a tax reduction by housing mortgages. Now I am not talking about general mortgages. I was suggesting that people who are paying mortgages could show them as an expense on their yearly tax. I believe it is applied in the States. Considering the fact that we are trying to encourage people to buy their own houses, I do not understand why this would not be beneficial to the government. I appreciate that we would probably collect less tax, but it seems to me that this would serve to encourage people to purchase their own homes. Thank you.
Vince Steen on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 4th, 1998. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
February 4th, 1998
Page 563
See context to find out what was said next.