This is another example of the rich getting richer and the middle class paying for it. For many people their mortgage deduction is the only deduction they are allowed. For years people purchased homes rather than renting because they were able to deduct the interest. Young people are graduating with masters degrees ( which they are told they have to have in order to get a decent job) and finding out that the jobs available are not enough to support themselves. They have huge student loan bills (equal to what a mortgage would normally be) so they end up living back with mom and dad. We need to do better for our children and grandchildren!