GOP Platform Drafting Committee Shows Support for the MID and Middle-Class Taxpayers
August 22, 2012
by

Category: News || Housing & Development
No Comments

WASHINGTON, D.C. – August 22, 2012 – (RealEstateRama) — The National Association of Home Builders (NAHB) today applauded the GOP Platform Drafting Committee for recognizing the importance of the mortgage interest deduction within its proposed platform.

“We are very pleased that the committee has recognized the crucial importance of the mortgage interest deduction,” said NAHB Chief Executive Officer Jerry Howard. “At a time when so many are struggling to recover from the recession, this action helps cement much-needed political support for a tax break that primarily benefits middle-income families.”

Including the mortgage interest deduction in the draft GOP platform also makes sense because of the broad support that the incentive enjoys among voters across the country, added Howard. An NAHB-commissioned poll this January found that 77 percent of Republicans, 71 percent of Independents and 71 percent of Democrats oppose eliminating this important tax break.

“Middle-class voters have seen their household wealth decline throughout the recession, and to a large extent they are the ones who will decide the outcome of this election,” noted Howard. “They are also the prime beneficiaries of the mortgage interest deduction. With this in mind, it seems obvious that maintaining this cornerstone of American housing policy should be among lawmakers’ primary goals.”



 


 

Related posts:

  • Eliminating Mortgage Interest Deduction Would Raise Taxes for Middle-Class Families
    WASHINGTON, D.C. - January 31, 2011 - (RealEstateRama) -- Eliminating the deductions for mortgage interest and real estate taxes would raise taxes disproportionately for middle-class households and make the tax system less progressive, according to a new study from the National Association of Home Builders (NAHB).The study also concludes that the benefits of these deductions are collected primarily by middle-class...
  • Mortgage Interest Deduction a Middle Class Pillar
    WASHINGTON, D.C. - October 6, 2011 - (RealEstateRama) -- Eliminating or curtailing the mortgage interest deduction would have a disproportionate impact on younger, middle-class families, who would see their ability to become home owners significantly diminished, with sober implications for their longer term financial prospects, the National Association of Home Builders (NAHB) told Congress today...
  • Builders Urge Representatives to Co-Sponsor Resolution Supporting the Mortgage Interest Deduction
    WASHINGTON, D.C. - March 3, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) urges members of the House of Representatives to show their support for homeownership and the mortgage interest deduction by co-sponsoring H. Res. 25."This resolution acknowledges the importance of homeownership to individual households, the economy and the nation," said NAHB Chairman Bob Nielsen, a home...
  • Statement from NAHB Chairman Bob Nielsen on President Obama’s Plan to Reduce Long-Term Deficits
    WASHINGTON, D.C. - April 14, 2011 - (RealEstateRama) -- Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev., issued the following statement regarding President Obama’s speech today at George Washington University on deficit reduction:“President Obama today reiterated the importance of tax policy in promoting homeownership but endorsed limiting itemized deductions, including...

Recent Posts

Popular Posts