Order the answer to: The Tax Reform Act of 1986 eliminated the deductibility of

Assignment Help business-economics Order the answer to: The Tax Reform Act of 1986 eliminated the deductibility of

business-economics

Order the answer to: The Tax Reform Act of 1986 eliminated the deductibility of

Question The Tax Reform Act of 1986 eliminated the deductibility of interest payments on consumer debt (mostly credit cards and auto loans) but maintained the deductibility of interest payments on mortgages and home equity loans. What do you think happened to the relative amounts of borrowing through consumer debt and home equity debt?
Subject business-economics
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