Comment Re:No sense... (Score 1) 541
Actually, the entire premise of using tax law to promote or discourage ANY behavior is patently absurd. It is why our US tax code is completely incomprehensible, and can never be changed. Since we have an exemption for mortgage interest, that effectively gets factored into the price of a house (i.e. you're willing to pay more for the house since you'll be able to deduct the interest--which, for most people, is a very large fraction of your mortgage). Which means if you take that away, housing values instantly drop by about 15%. And once you leave one deduction in place...
In fact, right now is about the only possible time that it could change (since we're already dealing with the effects of a sudden large drop in housing values), but I don't see it happening.