Attempts to limit high earners' use of deductions like that for home mortgage interest are already routinely described as "closing loopholes" in the language of

Attempts to limit high earners' use of deductions like that for home mortgage interest are already routinely described as "closing loopholes" in the language of much of the media and the Democratic party. http://www.whitehouse.gov/issues/sequester/the-presidents-plan http://www.whitehouse.gov/issues/sequester/the-presidents-pl... Limit tax deductions to 28% for the wealthiest and close other loopholes. I won't even start on the deliberate confusion here between "high income" and "wealthy".