Posted by: realtormarkpalace | March 29, 2011

NAR issues Call to Action to uphold MID

NAR issues Call to Action to uphold MID

WASHINGTON – March 29, 2011 – The National Association of Realtors® (NAR) is encouraging members to contact Congress to persuade them to cosponsor H.R. 25, a bipartisan House resolution offered by Rep. Gary Miller (R-Calif.) that affirms the value and importance of the mortgage interest tax deduction. NAR sent its call directly to Realtors; the emails are auto populated with the recipient’s information, allowing the member to simply click submit to send an email to their representative in the U.S. House.

“We know in Congress that there’s a lot of questioning of whether homeownership matters,” 2011 NAR President Ron Phipps said in a video promoting the effort. “We really need to remind Congress that the mortgage interest deduction is a critical element of … the experience of homeownership.”

H.R. 25, as currently written, says that Congress feels current law allowing the mortgage interest deduction must be retained, and argues that restricting the current law in any way would undermine progress in a still-fragile housing recovery.

To read more about NAR’s stand on the mortgage interest deduction, watch the video by Phipps, or send an email to your personal representative in the U.S. House, visit NAR’s Call for Action webpage.

© 2011 Florida Realtors®

 

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