It’s unfortunate that even here on FR people are more than willing to eliminate any tax deduction as long as it doesn’t affect them personally.
Eliminating this deduction will adversely affect the real estate market. It’s already depressed and it will get knocked down another 10 to 20%
What more can this administration do to destroy our economy? Oh, I forgot, force the banks to write more loans for people with bad credit. The very thing that got us into trouble they’re forcing on the banks again. There is no end to this lunacy.
Unfortunately people don’t mind taxes as long as the other guy pays them. The only fair way forward is either the flat or fair tax. But I am sick to death of paying 6 figures in federal tax and listening to those who pay no tax tell me I’m not paying my fair share.