[Alberta's Child]

Congress may modify that mortgage interest deduction (maybe it's phased out over time, or is eliminated for future mortgages while interest on current mortgages is still deductible), but I don't see them eliminating it outright.

The truth of the matter is that the mortgage interest deduction isn't a very good government policy to begin with.

[Gaffer]

Few people realize just exactly how far down the crapper this country is, financially. To even keep some semblance of comportment between his lies and financial reality, he is going to have to make a respectable attempt at making things even out. It will be impossible to do this without hitting deductions like these (mortgage interest), new taxes on 401Ks and IRAs etc. You can’t keep a house of cards together long enough without them.