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Federal Budget Proposals Preserve Mortgage Interest Deduction

On Monday, March 30, NAR announced that budget resolutions passed by both the House and Senate do not include any changes to to the Mortgage Interest Deduction. Earlier this year, President Obama had suggested modifying the Mortgage Interest Deduction as a way to generate additional tax revenue to pay for health care programs. According to NAR, this suggestion was essentially ignored by both the House and Senate.

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Posted by Pam Winterbauer ~ 2006 REALTOR® of the Year on 04/04/2009 09:26 PM

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1 Comments on Federal Budget Proposals Preserve Mortgage Interest Deduction

APR

Pam: I voted for Obama, and general back his programs. This is ONE thing I am very glad both houses of Congress ignored. Hooray for them ! Thanks for sharing... I did not know this issue was dead. Take care...

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