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Reply to "We're doing a mortgage refi at 3.75% -- someone tell me why that interest should be deductible?"

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[quote=Anonymous]OP here..a number of great replies and I agree w PP. Ben has driven rates near zero, I get to borrow 30 year money at, after tax, a zero real rate of return (inflation adjusted based on normalized inflation rates) and it's another sop to the upper middle class at huge cost to the treasury.

But using dcum as a sampling, how can a pol get serious when all I read here is either "1/2 of American pay no income tax" which ignores payroll tax which is largely the same thing so quite disingenuous or "the rich need to pay more" which appeals to our envy but really doesn't get to the problem.

So, I get to deduct this interest, the IRS subsidizes my gifts to charity, I have zero incentive to shop around for efficient medicine, my kids play on brilliantly-lit fields here in MoCo at all hours in all conditions at various plex's, and the solution is always---someone ELSE needs to pony up. (sigh)

At least here in MD we have a plan--more casinos.  Now there's Federalism at its best as we have smart policy bubbling up from the states.  Greece has a national lottery--how long until we get one?[/quote]

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