President Obama Proposed Reduction in Home Mortgage Interest Tax Deduction for Certain People

President Obama has presented his proposed US budget plan for fiscal year 2011. 

 

Included in the proposed budget is a provision to reduce the mortgage interest income tax deduction for those people earning more than $250,000. 

 

The California Assoc. of Realtors and REALTOR.org are strongly opposed to this provision, and leadership meeting with Congressional representatives as soon as possible to urge lawmakers to oppose this also. 

 

Source:  California Association of Realtors.

 

See President Obama proposed US Budget for 2011 - click here.

 

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Harrison K. Long, Realtor & broker, Explore Group, Coldwell Banker Previews, Irvine, CA.  CA DRE #01410855.  ExploreProperties@gmail.com.  Lawyer member of the California State Bar Association - State Bar number 69137.  Helping People with their Best Decisions About Real Estate in Orange County, California.

 

Posted via email from Explore OC Homes