Saturday, April 16, 2011

Could the mortgage interest deduction be headed for Grover Norquist's bathtub?

Some folks at the National Community Reinvestment Coalition conference seem to think the largest U.S. housing subsidy is becoming understood as a sacred cow. Inflates house prices, rewards extravagance -- and now even libertarians are coming around to agree. As with the slow movement toward giving up mass incarceration, sometimes the current (arguably confected) austerity mentality produces a good result.

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