Tuesday, February 24, 2009

Mortgage Interest Deduction

I've long been sorta against getting rid of the mortgage interest deduction on the basis that it's the one real gift that middle class people get. Still, it is a bad deduction. I'd definitely support reducing the amount you can deduct over time. Long run, we should replace it, along with lots of other little potential deductions, with a big increase in the standard deduction.