I would think that if we made interest non tax deductible (i.e. make it so that interest cannot be paid out of pre tax income) then this hole in regulation woul

I would think that if we made interest non tax deductible (i.e. make it so that interest cannot be paid out of pre tax income) then this hole in regulation would be eliminated. Is there a reason why this isn’t so? (I get that there are other reasons why we might not want to do this… I’m curious whether this would fix the issue in the first place.)