"Not that its gonna happen, but I think that we need to end the home owner deductions. and /or give deductions to those who rent.(shelter is shelter) And stop taxes on money made in interest, investments, or dividends."
This is precisely what is outlined in Bush's Tax Reform Panel that was conducted in 2005. (http://www.taxreformpanel.gov/)
Part of the reform includes the elimination of the Mortgage Interest Deduction for homeowners as well as privitization of entitlements such as social security retirement. Taxation of investment income would be effectively stopped.
This is actually pretty close to happening in 2008. Bush's last budget had a short fall of about $90 billion. The potential income from cutting the mortgage int deductions is $94 billion (according to the Tax Reform panel). Is this a coincedence? I think not!
So few are paying attention (and the panel and Bush's last budget come to the public's attention 3 whole years apart), but it really smells of a set up. All of the budget shortfalls and the stimulus to the housing market somehow can be addressed by implementing the advisements of the Tax Reform Panel of 2005!
