Originally Posted by jimnjana
I agree. I'm just resigned to the fact that as long as there are politicians, the tax code will be used to their benefit.
There ya go. If politicians can enact some legislation that benefits folks they want to vote for them, even if the legislation is short-sighted in the so-called benefits it provides, they'll do it every time. Mortgage interest deductions benefitted mortgage lenders, real estate agents, etc who provide lotsa political donations and home owners thought the legislation was the best thing since sliced bread.
Actually, the legislation is bad for the economy in the long run, as most attempts by the gov't to buy votes turn out.