Monthly Archives: March 2014

TAX PLAN TO LIMIT MORTGAGE INTEREST DEDUCTION ………

The provisions in a new U. S. House Ways and Means draft wants to limit the mortgage interest deduction and capital gains and the repeal of deductions for state and local property taxes.  THESE CHANGES WILL IMPACT EVERY SINGLE AMERICAN, either directly or indirectly.  The NAR (National Association of Realtors) is opposing this and YOU NEED TO ALSO, as 1/5 of the U. S. economy is tied to real estate and employs more than 17 million Americans and as much as 1/4 of federal and state tax revenue and as much as 70% of local taxes.  NAR will study this further and work to educate Congressmen and the public.  PLEASE CONTACT YOUR LOCAL REPRESENTATIVE IN CONGRESS.