How many committees and commissions can one people have?  The National Commission on Fiscal Responsibility and Reform, a bipartisan panel appointed by the President has come out with their report and recommendations on what needs to be done to decrease the National Debt…..The Answer…..Is as it always has been…..STOP SPENDING!!! 

It doesn’t take a ‘Committee’ to figure this out.  Families do this every day at their kitchen tables. 

One of the most sensitive cuts to homeowners is the ‘Mortgage Interest Deduction’ (MID) The President has proposed rolling back the deduction and giving homeowners a flat 12% deduction verses the deduction defined by tax bracket.  The eligibility of mortgages would be capped at $500,000 instead of the current $1.1 Million.  Also included in this cut would be the elimination of second homes from mortgage interest deductions.

It is most evident what this proposed plan would do to the already ailing housing market. It could effectively finish off the American dream of home ownership for many hard working Americans, and place the last shovel of dirt on the grave of real estate.

The National Association of Realtors (NAR) said the proposed changes would lower real estate values by 15 percent, possibly increasing the number of foreclosures as home prices sink.

NAR has put out a “CALL TO ACTION”    Get involved TODAY! Stop and make this call.