August 18, 2011 4:26PM 

# End the Mortgage Interest Deduction 

By [Caleb O. Brown](https://www.cato.org/people/caleb-o-brown) 

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The mortgage interest income tax deduction is popular among homeowners (read: likely voters) despite its role in [distorting housing and related markets](https://www.cato.org/pub_display.php?pub_id=9715), its contribution to the housing bubble and its enabling of additional household debt. Never mind that there isn’t much evidence that the deduction boosts home ownership in the United States. Consider also that the tax break largely benefits affluent homeowners living in expensive urban areas.

As Mark Calabria notes in [today’s Cato Daily Podcast](https://www.cato.org/multimedia/daily-podcast/end-mortgage-interest-deduction), it’s [well past time for the mortgage interest deduction to be replaced](https://www.cato.org/now-is-the-time-to-end-the-mortgage-interest-deduction/) by lower marginal tax rates for all earners.

##### Related Tags 

[Tax and Budget Policy](https://www.cato.org/tax-budget-policy) 

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