In response to:

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

Sheryl14 Wrote: Dec 21, 2012 10:44 AM
I don't see why they would go down either. Rates are based on the cost of funds, although perhaps the markup includes the tax burden by banks associated with that rate. There would have to be a limit on the markup rate, perhaps, for that tax burden.

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...