concurrent resolution Progress
- The senate has not voted
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Committee on Ways and MeansIntroducedMay 20th, 2009
- house Committees
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Expressing support for the current standards of the Federal mortgage interest tax deduction.
Supports the current standards of the mortgage interest tax deduction, as outlined in section 163 of the Internal Revenue Code and opposes President Barack Obama's recommendation to reduce the current mortgage interest deduction from 33% to 28 % for households paying income taxes at 33% and 35% rates.