re: Mortgage Interest Deduction in danger....

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Since the early 1900's

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Huh?

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Even if you are correct, the forced market correction effect would be larger than anyone thinks.

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That has not been the case in other countries.

Most developed countries do not have a home mortgage interest deduction and their housing market has not suffered from it. In fact, only the Netherlands, Switzerland and the U.S. allow a full deduction for home mortgage interest.

I'm certainly not advocating dropping the mortgage deduction just to increase income tax collections. I would favor dropping the marginal tax rates to offset the increase in taxes collected resulting from abolishing the mortgage deduction. That alone would probably offset any negative effects on the housing market and would remove a market distortion.