Well, given that they presented this advantage as an incentive to buy a home, there better be an uproar. Many people based their decision to spend a huge amount

Well, given that they presented this advantage as an incentive to buy a home, there better be an uproar. Many people based their decision to spend a huge amount of money on the presence of this benefit. And of course, what the government won't do is give them a second stab at that decision after they cancelled their end of the deal. Especially since making this decision will cause a massive drop in home prices as well, so there's very good reasons for most people to want out. The second reason is that removing this entitlement will, for a huge number of people, effectively be a tax increase of 20, maybe even 30%. Since most people also have a discretionary spending budget of about 15% of their income, this will effectively mean they go bankrupt (selling the house won't work as it'll drop -a lot- in value as a result of the repeal of this credit). There is no way the banking sector can absorb a 5% drop in house prices, and this policy sounds like it'll drop them by maybe even 50%. So no, you can't repeal this without an uproar. There are very valid reasons for these people to feel entitled.