Government Is Broken. These Guys Can Fix It.
View our list of 20 small, common-sense ideas that can get America moving forward.
Jonathan Fickies / Bloomberg-Getty Images
End mortgage deductions
The tax code’s home-mortgage deduction favors the rich (who use taxpayer dollars to subsidize mansions), encourages people to buy homes they can’t afford, and contributed to the housing bubble, causing the current recession. It also costs taxpayers $130 billion annually. We should end it, or sharply limit it to mortgages of no more than $250,000.
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