The popular tax break for mortgage interest, once considered untouchable, is falling under the scrutiny of policymakers and economic experts seeking ways to close huge deficits.
Because homes are selling so well already and current homeowners are awash in excess cash.
Personally, I’m not really in favor of any tax credits that target anything. But the entire system has to be re-worked first. Get a simple flat tax where everyone everywhere has the same deduction and pays the same rate , THEN ditch the mortgage interest deduction and all the other deductions and credits.