Mandate? Penalty? Why did we choose those words?
If I do not borrow money from a bank to buy a home today, I pay more taxes. And this practice has not been seriously questioned for decades. The only related controversy that ever arises is when someone is pushing a flat tax policy, such as this past year when Cain was chanting “nine, nine, nine.” Then we heard people say, “but what about the tax break for home mortgage interest? What might its loss do to a sputtering housing market?”
I could see panic in Cain's eyes when he heard that question. He didn't know much. But he knew how much we all love this particular tax deduction (or mandate to borrow money for a home).
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