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Cliff Eveleigh | Keller Forsyth Group, eXp Realty of California, Inc. Blog

Wednesday, December 12, 2012   /   by Cliff Eveleigh

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

Keep the Mortgage Interest Deduction
 
Background
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 Congres ...

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Keller Forsyth Group, eXp Realty of California, Inc.
Kris Forsyth & Dan Keller
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San Clemente, CA 92673
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