Posted: Apr 27, 2005 By: A. Harvey Abernethy

Subject: FairTax Act H.R.25/S.25

Comment: Dear Advisory Panel:
I am a REALTOR and a builder of homes and apartments. I have studied the Fair Tax for three years. The attached file expresses my firm belief that the Fair Tax Act HR25/S25 not only makes the mortgage interest deduction for homehoweship meaningless, but the adoption of the Fair Tax will casue a boom to homeownership due the dramatic reduction that one will have to spend from their Speadable income to make thier house payments.