Is it time to drop the home interest mortgage deduction?

With only 30% of taxpayers taking the deduction is it time to get rid of it?? Consider that other countries don't have it and the sky hasn't fallen.

Australia has also enjoyed a housing boom without the benefit of a mortgage-interest deduction. In Canada, which also has no mortgage-interest deduction, residential construction rose 14 percent last year, the sixth record year in a row, even though home prices rose a moderate 5 percent or so.

Bloomberg