Perfectly stated. You’re one of the few “conservatives” who gets it.
The gov’t has no business subsidizing one lifestyle over another thru tax incentives like the mortgage interest deduction. It should be eliminated.
I have a mortgage but would actually “vote against my wallet” by supporting elimination of the mortgage interest deduction OUT OF PRINCIPLE!
Suppose I opted for a renting lifestyle, rather than home ownership? Why should I subsidize other people’s homes (they get a deduction and I don’t, so I indirectly subsidize their homes)??
The Mortgage Interest Deduction is another case of social engineering gone wrong.
I agree but only if we impose a National Sales Tax while outlawing the Income Tax or a Flat Tax with no deductions/exemptions which applies to ALL.
The tax code is way too useful to engineer all sorts of things—case in point: The Earned Income Tax Credit.
If the so-called “poor” get back money they didn’t even pay I better damn well get a mortgage interest deduction.
We need to dismantle the entire social welfare state before taking the meager crumbs away from the middle class.
If you rent, your landlord deducts his interest on the business loan used to construct your apartment. He also gets to deduct 100% of the maintenance costs (a benefit homeowners do not enjoy. You indirectly eceive these benefits via reduced rent. As I said in a prior post, I will give up my interest deduction as soon as the deductions are taken away from your landlord.