I think the only way they are going to get rid of this deduction is a full scale tax code overhaul…
A VAT implementation with a drastic cut in overall tax rates may be enough to do the trick.
Reagan did some pretty unpleasant tax loophole closures, but he got it done by cutting the overall tax rates. I doubt Barry will have the political capital to ever get this kind of thing done. But then again I was wrong about Healthcare…Stranger things have happened.
