One of the reasons that the MID is not likely to be eliminated is because it has been credited with promoting homeownership. However, many economists and scholars have provided evidence the MID is an ineffective way of promoting home ownership. Some economist have described the MID as the “most sacred tax break in the code.” Despite this evidence, the Tax Reform Act of 1986 eliminated most of the personal interest deductions and kept the MID. This has given the MID a nearly untouchable status in the tax code. Perhaps the biggest problem with the MID is that it does little to promote homeownership among lower-income level individuals. When you include direct spending and subsidies through the tax code that is directed at homeownership, the