The Republican party (since taxes are such a huge part of their platform) looks like there are finally making small steps on simplifying the tax code by eliminating from their platform to support the mortgage interest deduction. First, let me say I am not sure whether this is the right answer, but if both sides of the aisle don't agree on giving up something, we can never make any progress. The mortgage interest deduction is a huge tax break, that does to a degree encourage home ownership, but the Republicans can not have a platform in which you want lower marginal rates and still keep every deduction.
This blog always will support anything that makes the tax code simpler because it will encourage people to not try to "game" the system.
Comments? thoughts? more to come on taxes!