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Kent Pitman
This seems like a good idea, though it's never been obvious to me why there should be any cap at all on deductions for student loan interest. Those are big loans you have to carry a long time, and must pay EVEN IF you go bankrupt. That's a lot of money that's not usable for other things so calling it income at all, when it just goes straight back out and you never have it to spend in the first place, is really a stretch. See also my proposal http://thinkbig.us/ideas/18942/ which proposes making all credit card interest deductible for similar reasons.
Jan. 15, 2015, 12:13 p.m.