[SoConPubbie]

What it the purpose for a an interest deduction on a vacation home?

To try and increase/spur home sales probably, but why the question?

If Romney truly was trying to solve the tax/budget problem he'd be proposing to drastically slash the size of Government while drastically cutting and simplifying the tax rates.

He'll do neither because he's not a conservative, but a Progressive Liberal.

Oh he'll make noise about something, but nothing of substance will ever come of it because in his heart he's not a conservative.

[cripplecreek]

He won’t touch the EPA, he won’t touch education, the DOE will continue doing nothing, the green speculators will continue to gamble with tax dollars.....

[JediJones]

To try and increase/spur home sales probably, but why the question?

In other words to pick that the home seller is the winner and the home buyer is the loser?

Getting a deduction on a second home is ridiculous. Since shelter is a basic need I can see it justified for one home. Because if a person loses their home, it could end up being a liability to the government safety net anyway, if they have to offer public housing. But a second home is not a common need and not justifiable as a tax deduction. The government is not going to have to step in and provide a safety net for someone who loses their SECOND home.

And no I'm not pro-tax. I'm pro-lower taxes with less deductions so everyone gets to benefit and not just people who behave in the way the government mandates, dictates or subsidizes.