PJ Media

While the mortgage interest deduction might be removed for homeowners, it would not be removed for investors. Why? Because mortgage interest payments are deductible as a business cost for owners who rent their properties. The only way to stop that would be to remove interest payments as a deductible cost of business, and good luck with that! So there would be an incentive for the wealthier segment of the population to become ever more heavily involved in investing in houses as rental properties. The progressives out there probably don’t think that is a good idea. But, hey, check with Barney Frank and Chris Dodd to see if they are on board with the idea!!