Before you start celebrating, take note of what groups you are in.
First, determine you tax group:
- You pay taxes
- You pay little or no taxes
- You pay your mortgage
- You are behind on your mortgage, but current on your cable TV bill
Now the results:
If you are in the b-b group, consider yourself a winner! Your mortgage costs, according to Obama, will be going down--and you won't have to pay any price for it.
For those unfortunate ones in the a-a group, you can consider your mortgage costs as increasing, because your taxes (or your future taxes) will most definitely be going up.