Way back when, Dear Gentle Reader(s), U.S. taxpayers were allowed to deduct some of the interest on our credit card debt from our Federal taxes.
Once many of us discovered that deduction had been repealed, we began to pay off the charges monthly. Some of us haven’t paid more than five or ten dollars in interest on those debts since.
Perhaps we might be able to see our way to running up a credit card bill a couple of times a year if we were once again able to deduct at least part of the interest charges. That might assist in stopping the downward spiral of sales in the U.S.
Or not.
Just sayin’.
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