“Depends, for those who believe that all money belongs to the governement first, tax deductions are idiotic.
For those of us who believe that the money we earn belong to us, well, it’s just an earnings punishment avoided. “
My point has NOTHING to do with who the money belongs to, it has to do with whether the government should ENCOURAGE DEBT. If we want to be revenue-neutral, we simply get rid of the STUPAK mortgage interest deduction, and, at the same time, lower income rates (and/or brackets) to be revenue-neutral. That simple.
But we stop REWARDING people to go into debt. We should be past that IDIOCY...it NEVER made sense, and it needs to stop.
Here's a question - what business of yours is it whether somebody else chooses to go into debt?