Ron Paul Quotes.com
2007 Ron Paul Chapter 105
5 December 2007
Home Page Contents Cached from Ron Pauls Congressional website.
Congressional Record Cached
2007 Ron Paul 105:1
Mr. PAUL. Madam Speaker, I rise to introduce the Property Tax Deduction for All Act, legislation making the property tax deduction an above-the-line deduction. This simple change makes the property tax deduction available to homeowners who do not file an itemized tax return.
2007 Ron Paul 105:2
The Property Tax Deduction for All Act will help millions of Americans who struggle with high property taxes, but because they do not itemize, are unable to take advantage of the Federal deduction for property taxes. Extending the property tax deduction to all homeowners will especially benefit senior citizens, whose homes often are the major part of their wealth, and young families struggling to cope with the costs of owning a new home. I respectfully urge my colleagues to help ensure all homeowners can take advantage of the tax deduction for property taxes by cosponsoring this legislation.