In response to:

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

Ted in California Wrote: Dec 21, 2012 8:52 AM
That is a great point. Mortgage interest rates are not tied to the interest deduction. They would fluctuate with the Fed rate, just as they always have.

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...