Oregon HB 2456 – Destroying Mortgage Interest Deduction – Crashes & Burns!

ExplosionThe latest from http://www.protectoregonhomes.com/ this week:

“Thanks to your advocacy and efforts by the Oregon Association of REALTORS®, the attempt to raise taxes by $275 million through House Bill 2456-A was defeated earlier this afternoon.

Instead, the House of Representatives adopted the “Minority Report” carried by Representative Berger (R-Salem), which eliminates offshore tax havens and dedicates the savings to mental health programs. This adopted version of the legislation was offered as an alternative to the House leadership plan to raise taxes and does not include efforts to limit or eliminate itemized deductions for certain Oregonians.”

For more on this defeat, see this link in here.