Posted: Oct 28, 2005 By: Eric Brown

Subject: Tax Reforms

Comment: I was distressed to read the recommendations of the President's Tax Reform Panel. Significantly limiting mortgage interest deductions and eliminating the ability to deduct property taxes is criminal. This would amount to a huge tax increase to the middle class and it would destroy housing prices. The rising mortgage rates will cool housing off enough so please don't destroy it for good. These recommendations could deal a severe blow to the well being of millions of american citizens.

Americans have enough stress being brought on by rising energy costs so why does this panel want to signinfcantly raise federal taxes. This panel should be ashamed.