Ron Paul Quotes.com 2007 Ron Paul Chapter 105 Ron Paul Quotes.com: Introduction Of Property Tax Deduction For All Act 5 December 2007 Home Page   Contents   Cached from Ron Paul’s Congressional website. Congressional Record   Cached

Introduction Of Property Tax Deduction For All Act 5 December 2007 HON. RON PAUL OF TEXAS IN THE HOUSE OF REPRESENTATIVES Wednesday, December 5, 2007 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.

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