While the President fixates on marginal tax rates in his bid to make the rich pay "their fair share", there is a body of evidence the rest of the tax code is so loaded with special treats, that the rate hike is just catnip for the "middle class" that just reelected Mr. Obama.
The home mortgage interest deduction is not used as much by those with lower cost housing, as it may or may not provide much more than the standard short form deduction.
For high end home buyers, the deduction is very advantageous, hence the notion deductions should be more the focus and that a rate increase will do little to raise money from people well versed in avoiding taxes.
The middle class and poor are being fooled by the debate over rates. The way taxes are levied by all levels of government creates a far more complex and vexing situation than the President lets on with his very simplistic yearnings.
Mortgage deduction is popular, but few claim it