Subject: Mortgage Interest Deduction
Comment: As a homeowner and with property taxes going up all the time my mortgage interest deduction is one of the few tax breaks I still have. Coupled with increased inflation and the exhorbitant price of fuel these days I am caught in the squeeze between the two. If the mortgage interest deduction is reduced youy will see more homes on the market because it will mean less disposable income to be spent on goods and services. With more homes on the market and no tax advantage we could see a glut of homes on the market with buyers having not much incentive to make a purchase.