[fwdude]

I would disagree that the mortgage deduction is bad. It actually favors people WHO ARE MORE VESTED IN THE ECONOMY AND AMERICA’S WELL BEING. And these people having more disposable income by having their taxes reduced are more likely to contribute to causes, candidates and efforts which further conservatism.

Call that government engineering, but it mirrors solid economics.

[Alberta's Child]

All it does is drive up the price of a home by making it easier for buyers to pay more for it.

[DIRTYSECRET]

A National Sales Tax is called the Fair Tax for a reason. Po’ folk would pay THEIR FAIR SHARE and as a result have ‘skin in the game.’

[chud]

I would disagree that the mortgage deduction is bad. It actually favors people WHO ARE MORE VESTED IN THE ECONOMY AND AMERICA’S WELL BEING. And these people having more disposable income by having their taxes reduced are more likely to contribute to causes, candidates and efforts which further conservatism.

Call that government engineering, but it mirrors solid economics.

I agree. The mortgage deduction helps us in the middle class, by allowing us to keep some of our income so we can either save, spend, or contribute.
Owning property is part of being invested in America.
Taking this away will hurt the middle class.

[NEMDF]

I tend to agree with you. If the mortgage deduction provides incentive and affordability for, say, young married couples, to buy their first home and become invested in their neighborhoods and communities, then it is probably a good thing to continue. But I think it should be limited to primary residence, and capped at some dollar amount. JMHO