Republicans look to cede control of government
While I would be disappointed that I could no longer deduct mortgage interest from my income tax, I would be thrilled at the wave of Democratic dominance that would wash over the country if Bush pushes these ideas through.
Clearly the problem with the America's deficit is that the middle class has soaked up every tax cut the President offered them in order to guarantee his re-election. However, no longer weighed down by the need for a majority of Americans to vote for him, it seems that panel he created has decided it may as well screw us all.
Think about the people who can afford a house based solely on the current deduction. Think about all the money that would be taken out of the economy to pay new taxes. Think about the effect on the nation. (*UPDATE* Atrios did.)
And that doesn't even begin to talk about the deduction for employer-provided health insurance.
What wankers.