Earlier today one of the nice folks at NAHB sent us at Doom Castle an e-mail describing their Association’s new public awareness campaign defending the US tax system’s mortgage interest deduction (MID). I’m actually Canadian and so don’t have much to say about this one way or the other, but certainly lots of Doomers will have an opinion or even benefit from the information.
From the e-mail:
Save My Mortgage Interest Deduction (SaveMyMID) has been created by the National Association of Home Builders to raise awareness about the threat to the mortgage interest deduction and the dire consequences that could result if it is eliminated or reduced. These resources help people understand the widespread economic ripple effects – far beyond the individual home owner – that could occur if the mortgage interest deduction is eliminated or scaled back.