Monday, December 6, 2010

Don't eliminate the mortgage tax deduction

You may not know that there is a proposal to eliminate the mortgage tax deduction. This is among the efforts to eliminate all tax deductions. As for the home builders and the construction industry, the mortgage tax deduction is critical for the growth of this market segment. As I have mentioned in previous blogs, we support new home construction. It is one tradition that has meant economical growth for decades. At Cable-tite, we do not want to see this deduction eliminated, and support NAHB and many other agencies who are fighting this proposal. Please do you part to let it be known that we need to keep the home owner mortgage deduction! The consequences would be devastating for home owners, the housing market and the nation’s economy.