On 29 Sep 2008 15:10:02 -0500, Dave wrote:

On Mon, 29 Sep 2008 10:04:36 -0700, "Capt. JG" said:

Congress has eliminated other deductions in the past. I suppose if the
other
inequities in the tax system were fixed, the elimination of this deduction
wouldn't be the end of the world.

But it would be the end of the world otherwise? I don't think so.


Well, I recall when they eliminated credit card interest. Those with really
high balances that they were carrying weren't very happy. But, mortgages are
a bit different isn't it... slightly higher amounts, much larger impact on
every-day people. Or, do you think no adjustment in the other tax issues is
ok... everything fair? Oh I forgot. You believe in destroying the middle
class before you save it.

So you do believe the world would end if mortgage interest ceased to be
deductible.

So much for the adage that there are no stupid questions!