Home Ownership Matters
It’s more important than ever to support responsible home ownership.
Following the release of the Deficit Reduction Commission’s report, which recommends scaling back the mortgage interest deduction, the National Association of Realtors® is warning Congress of the potentially devastating effects of such change on American families and the economy. As part of this effort, NAR placed an ad in several prominent Capitol Hill publications.
On Dec. 1, 2010, the bipartisan deficit-reduction commission, appointed by President Obama, released its final plan for cutting the U.S. deficit—which included suggestions to pare back the mortgage interest deduction. While 11 of the 18 commissioners voted to support the proposals in the report, the group fell short of the super majority needed to automatically send the recommendations...