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Tax incintives for buying a new home should be left alone. After all arent we trying to create jobs? Now is not the time to be dicking around and slapping even more hurt on the people trying to do things 'the right way'.
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Amen! Speaking of the right way...I do not qualify under the new plan for mortgages. I do not get to partake in the reduced income to cost ratio of 31% for the mortgage payment. It would reduce my mortgage by $250.00/month. In short, I get nothing for doing the right thing. Now he wants to reduce my interest write-off to boot. What next?