Tax reform's implication on mortgage interest

[Wei Xie]

I noticed today's WSJ article on the Senate's bill includes a comment

"

Debt-reliant businesses would lose, too, under a provision that limits interest deductions to 30% of income.

"

The original link is https://www.wsj.com/articles/senate-passes-sweepin...

Does it apply to mortgage interest? Any thoughts on it?

Thanks, -Wei

[Vlad K.]

@Wei Xie I believe that provision is for non-mortgage debt interest (i.e. line of credit or note payable, car loan, etc.)