Karen Arbutine & Associates

Urge Lawmakers to Keep Mortgage Interest Deduction

Mon, Dec 17, 2012 at 11:25AM


As you’re probably aware, the current discussions in Washington, D.C., regarding the “fiscal cliff” involve the possible elimination of many itemized deductions, including the Mortgage Interest Deduction. Eliminating this 100-year commitment to housing could have a severe negative impact, especially at this critical time in the U.S. housing recovery.
The National Association of Realtors has launched a strategic campaign to inform lawmakers about the importance of the Mortgage Interest Deduction. NAR is buying ads in legislative publications and coordinating a Call for Action among its Realtor members.
At RE/MAX, we support this effort, and agree that legislators need to understand the potential negative impact of eliminating the deduction.
I encourage you to contact your Congressional Representatives or Senators before the end of the year to let them know how you feel about this critical issue.
A healthy housing market is essential to a healthy economy. This is not the time to adopt changes that could slow the momentum of the recovery. Make your voice heard.

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