Bait and switch?
Here's the bait:
There is, of course, no way in hell that the Evil Party will strip these deductions out, because there are a lot of suburban Evil Party voters that would have multiple litters of kittens if they couldn't deduct the interest on their McMansions from their federal taxes.
I wonder what the switch will be? Perhaps the fiscally responsible™ counterproposal will be to just stop paying interest on the debt. After all, it's nothing but a big stack of IOUs.