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DON'T ROCK THE BOAT! > Shared via C.A.R.

Wednesday, December 12, 2012   /   by Cliff Eveleigh

DON'T ROCK THE BOAT! > Shared via C.A.R.

Keep 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.

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 your family, friends and clients 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

from 9:00 am – 6:00 pm, 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.

  1. Forward this message to your family, friends and clients.
  2. Post this information on your personal and office websites and blogs.
  3. Share this information on Facebook and urge others to share it as well.
  4. Tweet about it on Twitter and urge others to retweet. Use the hashtag: #savethemid.
  5. Link to the following web page: KEEP MY MID. This site has information about contacting Congress, more information on the MID and links to articles.
  6. As you see new information and articles, share these on all your social networking sites.


If you’re a REALTOR®, please click here for information about responding to C.A.R.’s Call-for-Action CLICK HERE TO RESPOND.

Thanks to everyone for your efforts in support of homeownership!

If you have any questions, please contact DeAnn Kerr at deannk@car.org.


Call For Action is published by the CALIFORNIA ASSOCIATION OF REALTORS®, a trade association representing more than 160,000 REALTORS® statewide.

Executive offices:
525 South Virgil Ave., Los Angeles CA 90020
phone (213) 739-8200; fax (213) 480-7724

Legislative offices:
980 Ninth Street #1430, Sacramento CA 95814
phone (916) 492-5200; fax (916) 444-2033

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- The Keller Home Selling Team, San Clemente Real Estate Agents

Keller Forsyth Group, Compass
Kris Forsyth & Dan Keller
5796 Armada Dr.
Carlsbad, CA 92008
DRE# 01878277
(949) 492-7653
CalBRE#: 01878277

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