Canada Envy, Part XV

Live Like A Canadian! Did the home mortgage interest deduction help cause the prolonged housing bust?  They’ve got neither in Canada, which is suggestive. …  Another reason to end the most un-endable deduction as part of a rate-lowering tax reform.  (And it’s relatively easy to do. You could even compromise at allowing 80% of the deduction this year, with it losing 5% or so each year. Easier, anyway, than winding down Fannie Mae, which is another issue discussed in the linked piece.) … [via Newsalert]