NEWS FLASH
Call your member of congress today to protect the mortgage interest deduction
Congress, as part of negotiations on avoiding the "Fiscal Cliff," has made direct references to "closing loopholes" and "limiting deductions" as a way to raise revenues. Clearly, the mortgage interest deduction is high on this list of revenue raisers.
Congress, as part of negotiations on avoiding the "Fiscal Cliff," has made direct references to "closing loopholes" and "limiting deductions" as a way to raise revenues. Clearly, the mortgage interest deduction is high on this list of revenue raisers.
Losing the mortgage interest deduction will disproportionately
affect the middle class because a larger proportion of the middle class
takes the deduction. In California 89% of those who took the mortgage
interest deduction earned less than $200,000. Losing the deduction would
cost the average California taxpayer over $3,900.
What you can do to help:
Call Congress. First and foremost, we are urging the public to get
involved by calling Congress to ask that the mortgage interest deduction
be preserved. The public may reach Congress by calling 202-224-3121.
The Capitol switchboard operator will help callers identify their member of Congress and connect them.
The public can reach Congress by calling (202) 224-3121.
Monday-Friday from 9 a.m. – 6 p.m., Eastern Time.
Get the word out. Many people seem to be blissfully unaware that
their mortgage interest deduction is in danger. Please do the following
to make sure that the message spreads.
- Forward this message to your family, friends, and clients.
- Post this information on your personal and office websites and blogs.
- Share this information on Facebook and urge others to share it as well.
- Tweet about it on Twitter and urge others to retweet. Use the hashtag: #keepthemid.
- Link to the following web page: www.KeepTheMID.com. This site has information about contacting Congress, more information on the MID, and links to articles.
- As you see new information and articles, share these on all your social networking sites.
Watch and share this video about preserving the MID.
Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®.
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Lisa Aguilera, The Aguilera Real Estate Team
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