Recently Dutch employers attacked oppenents of the mortgage allowance frontally. A memorandum of the Confederation of Netherlands Industry and Employers (VNO-NCW) and the small and medium-sized enterprises sector (MKB-Nederland) states that every intervention is bad for the economy. Chairman Bernard Wientes says abolishment of the mortgage allowance will harm the economy, the construction sector in particular. Up till now, only the left wing parties want to abolish the mortgage allowance.
Labour leader Wouter Bos (PvdA) says he wants restrictions but not abolishment. He repeats that PvdA wants to limit the rate to 42%. The millionaires must hand in, not the man average in the street. Earlier however, a report of the PvdA states this limitation to 42% would be the first step towards abolishment.
The next step would be a compensation for the expenses of living. Like the rental subsidy this would be primarily for the lower incomes. But the employers make out a case for the opposite:
– people with 52% mortgage allowance also pay 52% tax
– the cause of the shortage on the house market is lack of houses and circulation
– many home...
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