One of the more attractive reasons for Canadians considering a move to the US for personal avarice may soon be disappearing according to the New York Times:

There are no cows more sacred in the tax code than the deductions for mortgage interest and property taxes. Together, they add up to at least a $75 billion annual subsidy for housing and homeowners. President Bush, in establishing his advisory panel on tax reform, specifically asked the group to preserve support for home ownership. So it was quite a shock that the panel, which released its final report on Tuesday, concluded that it had no choice but to significantly trim the home mortgage deduction and eliminate state and local tax deductions if it wanted to find a way to simplify the income tax.

This new tax by the right is clearly aimed at the middle class whose access to this generous tax break is the envy of many Canadians. Odd timing and maybe indication that the "no tax and big spend" of the neo-conservatives has come to the breaking point, pretty much where the last Federal conservative government had taken us in Canada - the brink of financial ruin.