Posted: Oct 11, 2005 By: Robert Truitt

Subject: Bush Panel May Curb Tax Breaks for Homeowners

Comment: I agree that curbing tax breaks for homeowners is a good choice for compensating for the loss of income resulting from elimination of AMT. However, as a Californian, I worry about implementing this change too quickly. If done too quickly, this could crush California housing prices. I imagine that implementing it over 10 years would be reasonable. Secondly, I believe that it is a step in the right direction towards a flat-tax with no deductions.