Builders Urge Support of Mortgage Interest Deduction

According to The National Association of Home Builders (NAHB), members of the House of Representatives should be urged 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 builder from Reno, NV.  The resolution also states that the mortgage interest deduction “may well be the most important component of housing-related tax policy in America today” and should not be further restricted, he said.  “I encourage people who support the mortgage interest deduction to contact their Representatives and ask them to co-sponsor H. Res. 25,” Nielsen said.  “Members of Congress need to know that there is widespread support for the mortgage interest deduction and that their constituents do not want it to be eliminated or restricted.”

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