But, for example, net interest payments didn't, the difference between what banks were earning in interest if they gave you a loan and what they were paying out for a deposit.
Even though people receive a tax deduction for interest on mortgage payments, they pay for all their other expenses with after-tax dollars, even after they pay off their mortgage, then their property taxes.
That hurts regional banks most: they rely more on interest income from loans than their Wall Street rivals, which also earn fees on trading and investment-banking activities.
Policymakers want to tighten financial conditions--such as lending standards, interest costs or money-market liquidity-in order to reduce aggregate demand and cool price rises.
The draft also adds special deductions for such expenses as children's education, continuing education, some medical expenses, mortgage interest and rent.