Mitt Romney continues to trail in every single swing state. The latest NBC/WSJ/Marist polls show Obama with a small two point lead in Nevada and North Carolina. Obama holds a seven point lead in New Hampshire.
|By: Jon Walker Friday September 28, 2012 7:32 am|
|By: David Dayen Thursday March 29, 2012 6:00 pm|
Here’s an almost completely unremarked-upon side effect of the foreclosure fraud settlement: the tax implications. If you are one of the lucky few eligible to receive a principal reduction from the settlement, when the banks aren’t paying off their penalty bulldozing homes and waiving deficiency judgments, you have to reckon with this: because of the expiration of a Congressional law, every dollar you receive in principal reduction would be viewed for tax purposes as income, and thusly taxed. Most of the people needing a principal reduction are in dire financial straits; they wouldn’t need a write-down otherwise. So now, we’re going to hit them with a big tax bill that they can pay for with money they don’t have.