It’s Time to Speak Out!

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Tell your Members of Congress you oppose any tax reform plan that would weaken the tax incentives for owning a home, such as the Mortgage Interest Deduction, and not to let a tax reform plan increase taxes on homeowners by eliminating the state and local tax deduction.

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Here is a copy of the message:

Dear [Decision Maker],

As your constituent, I urge you to oppose the Tax Cuts and Jobs Act. This bill is a direct threat to consumers and homeowners. Not only will millions of homeowners not benefit from the proposal, many will get a tax increase. Additionally, homeowners could lose substantial equity from the more than 10% drop in home values likely to result if the bill is enacted. The legislation will decimate the long-standing incentives for homeownership.

  • Increases the standard deduction, which puts homeownership tax incentives beyond the reach of 95% of American families.

  • Changes the exemption for capital gains tax from the sale of a primary residence

  • Eliminates the deduction for state and local taxes.

  • Restricts the deduction for personal casualty losses to presidentially declared disasters.

  • Restricts the deduction for moving expenses to active duty military.

All this from a bill that is supposed to improve the current tax system. Not only is this legislation a clear and present danger to American homeownership, it will cost our children and grandchildren $1.5 trillion in new federal debt. Vote no on the Tax Cuts and Jobs Act. Do not turn America from a home-owning nation to a home-renting nation.

Sincerely,

[Your Name]
[Your Address]
[City, State ZIP]

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