If they cut back on the amount of unearned income tax credit, Medicare payments for undocumented aliens, welfare for undocumentd alien etc. There may not be any argument for this. It is, in my view, the continuing destruction of the middle class.

Ax may fall on tax break for mortgagesBy Walter Alarkon - 06/08/10 06:00 AM ET

The popular tax break for mortgage interest, once considered untouchable, is falling under the scrutiny of policymakers and economic experts seeking ways to close huge deficits.

Although Congress last year rejected the White House’s proposed cut to the amount wealthier taxpayers can deduct for home mortgage interest payments, the administration included it again in its 2010 budget — saying it could save $208 billion over the next decade.

And now that sentiment has turned against all the federal red ink — and cost-cutting is in vogue — Democrats on President Barack Obama’s financial commission are considering the wisdom of permanent tax breaks such as the mortgage deduction and corporate deferral. Calling them “tax entitlements,â€