Posted: Oct 13, 2005 By: charles wong

Subject: home mortgage dedcution

Comment: Your proposal discourage anyone to buy a house and settle down with their family. It penalizes hard working citizens to save for their future by. Many new business ventures and investments (including college educations) that benefit our society came from the home equity . Your proposal discourages home ownership and thereby destablizes society. Only the very wealthy do not need the home mortgage tax breaks because they have money. An average citizen need all the help he or she can get in order to buy a home and keep it!!!!We do not want to be nation of renters with only a few wealthy institutions controlling our living. Your plan would discourage home ownership by individuals and families and favors the wealthy. Please do not try to fool us with your false claims of "trying to make the hosue more affordable". Please recomsider this plan if you are really trying to help the citizens.