November 06, 2005

Fears About Mortgage Interest Deduction on Federal Tax Returns Flare

Nov. 1--Organizations representing Realtors and mortgage bankers say they will strongly oppose recommendations anticipated today from President Bush's tax advisory panel to limit deductions of interest paid on home mortgages.

Based on preliminary information about the recommendations, the National Association of Realtors contends the action would drive down home values nationwide by 15 percent, devastate the housing market and harm the economy.

13 comments:

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Dale's Gmail said...

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