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White House Supports Foreclosure Tax Break
Posted on 09/02/2007 09:42:03 | Link | Post Comment
As the focus intensifies on residential foreclosures -- past, pending and impending -- the White House has decided to add its two cents to the discussion.
Today the Administration released a fact sheet outlining what is sees as remedies to help homeowners who are in over their heads.
Among the options cited is a change in tax law so that canceled residential mortgage debt is not taxable. The White House document specifically mentions two bills -- H.R. 1876 and S. 1394 -- that I blogged about last week.
- Taxes Topping The News
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- Foreclosure Tax Change Could Benefit Pmi Payers
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