Ezra Klein wants to limit the mortgage deduction:
The economics and emotional rewards of owning a house are compelling enough without the mortgage deduction. If you want to give low-income homebuyers additional help, that would make a lot of sense, particularly given the long-term importance of assets in bolstering financial security. But giving it to everyone who buys a home of any size is simply a regressive attack on renters. Ripping the deduction out right now would be too disruptive, but you could certainly phase in a cap on future home purchases.
The Brits did it and it worked. It's such a stupid market distortion I see no reason why liberals and conservatives can't agree on it.
2006-2011 archives for The Daily Dish, featuring Andrew Sullivan