Tell your Members of Congress to oppose the Tax Cuts and Jobs Act under consideration by the House-Senate Conference Committee.
This bill is a direct threat to consumers and homeowners. Millions of homeowners will not benefit from the proposal and many will get a tax increase.
Don’t Let Tax Reform Become a Tax Increase For Homeowners
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Here is a copy of the message:
Dear [Decision Maker],
As your constituent, I urge you to push the House-Senate Conference Committee on the tax reform bill to strengthen the protections for consumers and homeowners. Building on the progress of the Senate bill, please support the following provisions for inclusion in the final legislation:
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Mortgage Interest Deduction: Retain current law maintaining a total cap of $1 million on primary first and second homes.
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Capital Gains Exemption: Retain current law of exempting gains of up to $250,000 for single filers and $500,000 for joint filers for primary residence lived in for two of the past five years of ownership.
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State and Local Tax Deductibility: The limitation of deductibility to property taxes only should be expanded to include state and local income taxes and the cap should be increased and indexed to inflation
These provisions would add needed protection to current and future homeowners and strengthen the ability of qualified American families to purchase a home. Please add these provisions to protect middle-class homeowners and the American Dream of homeownership.
Sincerely,
[Your Name]
[Your Address]
[City, State ZIP]
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