| FEDERAL - Mortgage Interest Deduction and Tax Reform
For your information, this letter was sent to Treasury Secretary Snow yesterday by 8 Republican majority members of the House
Ways and Means Committee. It calls upon the President to reject the tax panel’s recommendations of eliminating the deductions
for mortgage interest and state and local taxes. This is an important development, in that without the support of these 8
members in the majority of the committee, it will be very difficult for the panel’s recommendations to get support from a
majority of the members of the Ways and Means Committee and thus make consideration by the full body of the House very difficult
for the Administration to achieve.
The letter is attached.
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