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Proposed Changes to MID

Monday, February 8th, 2010

President Obama presented his proposed budget plan for fiscal year 2011. Included in the proposed plan is a provision to reduce the mortgage interest deduction for those earning more than $250,000. At this time, however, it does not appear that the change to mortgage interest deduction is included in any proposed legislation. C.A.R. and NAR are strongly opposed to this provision, and C.A.R.’s leadership is meeting with Congressional representatives next week to urge lawmakers to oppose it as well.

February 8th, 2010 | Tags: , , , | Category: Government Affairs | Leave a comment

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