In response to:

Time to Get Rid of Tax Preferences for Housing in the Internal Revenue Code

Sheryl14 Wrote: Dec 21, 2012 10:32 AM
How us it that interest rates would go down with the elimination of the MID?
Corbett_ Wrote: Dec 21, 2012 11:13 AM
They wouldn't. Interest rates are already lower than the inflation rate. That means they are really less than zero. Changing the tax code isn't going to make them any lower.

Even though I knew some people would call me Scrooge, I wrote a few days ago about why we should get rid of the tax deduction for charitable contributions in exchange for lower tax rates.

Simply stated, I’m a big advocate of fundamental tax reform, and I would like to scrap the corrupt internal revenue code and replace it with a simple and fair flat tax.

Needless to say, that also means getting rid of tax preferences for housing. I make the case against...