New Hampshire Association of Realtors - 2008
Our priority is people, our focus is real estate
NHAR, NAR Strongly Oppose Budget Provision
Feb. 27, 2009
Dear REALTOR® Members,
As you may have heard, President Obama's proposed budget includes a provision to change the Mortgage Interest Deduction by reducing the amount of mortgage deductibility on families earning over $250,000. While NHAR and NAR have supported and applaud the efforts of the Obama Administration with the Stimulus Package housing tax credit provision, as well as its effort to stem foreclosures, NHAR and NAR are strongly opposed to this budget provision.
We will work closely with NAR staff in Washington, DC, and our New Hampshire representatives in the U.S. House and U.S. Senate to make certain that our collective voice is heard on this critical issue.
Today, NAR sent a member-wide message from President Charles McMillan with the NAR response to the proposed budget. It reads, in part, “As you read this, NAR is launching a multiphase plan of action to eliminate this provision from the budget plan. In the next 24 hours, NAR will be expressing our concerns directly to President Obama, to all members of the United States House of Representatives and the Senate, placing advertisements in the publications read by Washington, DC decision makers. Additionally, NAR will be forming a coalition with other groups affected by this proposal.”
Additional messages will be sent from NAR as more information is learned. NHAR will keep you updated on events as they occur here in New Hampshire. In the meantime, if you have any thoughts on the subject, please feel free to share them with me by replying to this e-mail.
Sincerely,
Paul E. Sargeant, GRI2009 President
New Hampshire Association of REALTORS®
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