Mortgage Interest Tax Deduction repeal is at the top of all tax reform proposals in Washington D.C., and for good reason. It has nearly universal support in both the private and public sector. The ONLY reason it has not been repealed or part of comprehensive tax reform is the lack of leadership.
The Renter's Lobby is prepared to take on this role. But, we need your help.
Go to read-up, join-up and help out with your time or money.
Residential renters will benefit significantly when this $100+ billion annual homeowner subsidy is redirected to a broader base of taxpayers. The Renter's Lobby will make every effort to make certain this translates into tangible tax savings for hard working Americans. Repeal of the MID can be a kickstarter for millions who dream only of financial security.
The Renter's Lobby "flip-the-MID!" campaign can make it happen. It's inevitable IF we unite with the broad consensus of private and public organizations, policymakers, economists, think-tanks and three (3) Presidential Commissions recommending major reform or outright repeal of this malapplied subsidy.
National organizations recommending repeal of the MID:
The Obama National Commission on Fiscal Responsibility and Reform (Alan Simpson and Erskine Bowles)
The Joint Committee on Taxation U.S. House of Representative (David Camp);
George W. Bush’s Advisory Panel on Tax Reform,
Bipartisan Policy Center Debt Reduction Task Force (Domenici-Rivlin)
BiPartisan Policy Center Housing Commission (Henry Cisneros, Kit Bond, Mel Martinez, George Mitchell)
flip-the-MID! is The Renter's Lobby Policy - Political Action Task Force. We're leading the way by recruiting pro-repeal organizations and millions of Americans who support fair taxation.
flip-the-MID! is the 1st Phase of an aggressive THREE-PART Legislative Agenda. Consistent with our general goals and objectives to enhance the lives and livelihood of renters. A successful campaign will create entirely new opportunities for millions of renters to achieve the American Dream. A Dream that ranges from financial security to sending kids to college to owning 100% of one's own home.
REPEAL THE MORTGAGE INTEREST TAX DEDCUTION
PASS A NATIONAL PROPERTY TAX RENTER'S TAX CREDIT
PASS NATIONAL SAVINGS & INVESTMENT TAX CREDITS
Repeal will create real financial relief for millions of American Renters.
Moreover, it can be passed with zero-sum impact on the federal budget.