It never should have been in the tax code to begin with. It is simply one of the thousands of lines in the tax code designed for social engineering.
If the tax code is to help housing, then we should get a deduction when we buy a car. Oh, of course the wonderful government WILL give us a deduction if we buy the RIGHT kind of car, in their opinion.
Or how about a deduction for the RIGHT kind of golf clubs?
That is a big industry.
How about a deduction for movie tickets as there are thousands of people in hollyweird that depend upon us going to the movies?
This is just a wrong as when the low life bill clinton said in Buffalo, NY that he supposed he could reduce the taxes and HOPE we would do the RIGHT thing with the money.
We need to take back, by any means possible, our government. We don't need them deciding what is the right use of our money and rewarding the little people when they do the right thing.