Introduced in 1913 into the U.S. code and little used until the 1950’s, mortgage interest deductibility (MID) is considered a sacred cow. Efforts to reduce it, replace it or change it have been met with vigourous opposition.  It is considered part of the American way. It is as American as apple pie. No political party dares to touch it. It has been called an “electric apple pie.”

Read more: Mortgage Interest Deductibility for Canadians