Won't you please callÂ your RepresentativeÂ to ask their help
in defending home ownership
and the Mortgage Interest Deduction? They need to hear from YOUÂ today.
The Mortgage Interest Deduction (MID) is vital to both home ownership and our economy.
I'mÂ disappointed that anyone in CongressÂ â€” or on a Presidential CommissionÂ â€” would even suggest limits to the Mortgage Interest Deduction.Â Mortgage interest has been deductible for nearly 100 years, and the proposed changes will affect all 75 million home owners in the United States.Â We must act now to make sure the MID is not changed.
Ever since the Deficit Commission announced its conclusions, the news media have been buzzing about the report.Â And what do they emphasize?Â Proposals to limit or even eliminate the Mortgage Interest Deduction.Â I'mÂ concerned because all this does is scare the publicÂ â€” and potential buyersÂ â€” away from the housing market.Â The last thing the housing industry needs right now (and for the foreseeable future) isÂ anotherÂ bucket of ice water to be thrown on the market.Â People who hear these news reports don't differentiate between a proposal and a done deal.Â They just know that a tax provision they actually understand and rely on is under siege. This is just unacceptable.
I amÂ asking you toÂ call to your representative's office today to ask him or her to defend the Mortgage Interest Deduction from any cuts or reduction as outlined in the Deficit Commission Report.
This Call for Action requires you to do something a little different. In order to track the calls we are making to Congress, we need you to follow the link andÂ enter your phone numberÂ and zip code to be connected to your representative's office. You can make this call now, or later today at a more convenient time. But we need you to make this call.
After you enter the information, you will receive a phone callÂ with instructionsÂ before being patched through to Capitol Hill.
Â Count me in Ron,Â I am ready to make my call*.
This call is important.Â We need to be clear and draw a line in the sand. While we all support efforts to reduce the deficit, further undermining the critical housing recovery cannot be the price that is paid.Â Here are some suggested talking points for you to use when you call:
Â I am a constituent and a REALTORÂ®.Â
Â I have been on the front lines of the housing crisis. I can assure you that even talk of changing MID harms an already fragile market.
Â I am strongly opposed to the Deficit Commission's proposal to either limit or eliminate the Mortgage Interest Deduction.
Â News reports saying that Congress threatens to repeal or limit MID will keep potential buyers on the sidelines and further delay the housing recovery.
We must speak loudly and clearly with one voice to ensure the further recovery of our economy andÂ the housing market andÂ educate every legislator about how muchÂ Home Ownership Matters.Â We can't do that with the few REALTORSÂ® who take action consistently. We need every REALTORÂ® to respond.Â Please call NOW and tell your representative to help defend home ownership and the MID*.
On behalf of the NAR Leadership team, thank you for your support and time,
2011 NAR President