A Comment About
The Deficit Commission’s Trial Balloon: A Few Good Ideas, and Two Horrible Ones that Deserve to Die
November 10, 2010 - 1:46 pm
peter cooper
2010-11-11 02:09:27
eliminating mortgage interest deduction is a great idea, but it doesn’t go far enough. a better policy is to eliminate the deduction for *any* interest paid. further, any interest *earned* should be tax free, as should dividends.
we need to be a save & invest society, not a borrow and spend one. if this hits housing, so be it, houses will become more affordable if nothing else. long term, it’s just better policy.
