Posted: Oct 13, 2005 By: Jaclyn Schweiger

Subject: Ending Tax Deductions for mortgages over $250,000-$$350,00

Comment: Dear Panel Members,

I am a resident of South Florida. I am sure you are aware of the expoential rise of home prices in this area. The median house price here is $296,000. My husband and I recently purchased a home in the amount of $360,000. Our house is a modest home aprox. 1200 sq feet built in the 1960's on a busy street. This was one of the only houses we could find in a decent neigborhood. In addition to that, our county has been raising taxes with a windfall of house prices going up.

My husband and I who earn just over $100,000 between the two of us depend on that tax deduction to continue to live in South Florida. I think by penalizing hard working middle class Americans by instituing this law across the board not taking into account high housing price markets is unfair. I think that the panel should consider the different areas and think about how it will effect a lot of Americans who with the high prices of everything are trying to just get by.

Please consider raising the cap or looking at income in relationship to repealing the tax in that range. So as an example if you make over $200,000 and are over that range you should be able to afford not to claim the tax reduction.

Thank you for your consideration and time and I look forward to your response.

Concerned Citizen,
Jaclyn Schweiger