Posts tagged: Mortgage Forgiveness Debt Relief Act

How Harry Reid’s Last Act as Majority Leader Directly Benefited His State

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Written by Melissa Quinn

In his final move as majority leader, U.S. Senator Harry Reid (D-NV) ushered through a series of tax breaks that directly benefit residents of his home state of Nevada.

Called tax extenders, the package retroactively renews expired tax breaks, including a state sales tax deduction and the Mortgage Forgiveness Debt Relief Act.

The U.S. Senate passed the tax bill 76-16 earlier this week—the last legislation it would vote on before the end of the 113th Congress and Reid’s tenure as majority leader.… Continue Reading