[Notary Sojac]

There is absolutely no reason why interest on loans for a second (or a first) home should be deductible when interest on loans for buying a car, or an airplane, or a gun, or a coin collection, is not.

It's just corporate welfare for the builders and realtors.

Flat tax, no deductions, no loopholes, period.

[C. Edmund Wright]

Well first of all - we are not talking about this deduction within the context of a full over haul. I would be in favor of that. But that’s apples and oranges, so you’re missing the point completely.

Second of all, airplanes themselves are 100% tax deductible as business expenses, so there’s no need to deduct the interest. Same for many cars and I would suspect for a good number of guns.

The coin collection is ridiculous. How many people take out a loan on a coin collection? Gimme a break.

Next?