An Obama administration panel is looking at the Housing interest deduction and the Childs Tax Credit because they “cost the government” over a trillion a year.
It makes no sense to me to have a housing interest deduction, or a tax credit for kids, or any of the other zillion other things in our HUGE tax code.
Considering, though, that the tax burden in this country for those that pay any taxes is shamefully high, shouldn’t a “deficit” panel focus entirely on government spending?
SPENDING is the problem. and TAXES are TOO HIGH.
Now if you want to talk about 50% of the country not contributing, by all means go RIGHT AHEAD.