[Congressional Record (Bound Edition), Volume 145 (1999), Part 5]
[Extensions of Remarks]
[Page 6767]
[From the U.S. Government Publishing Office, www.gpo.gov]




                HOMEOWNERSHIP--LIVING THE AMERICAN DREAM

                                 ______
                                 

                            HON. BOB FILNER

                             of california

                    in the house of representatives

                        Thursday, April 15, 1999

  Mr. FILNER. Mr. Speaker, and colleagues, I rise today in support of 
homeownership and the mortgage interest tax deduction that makes it 
possible for millions of American families participate in the American 
Dream.
  Today, when Americans are paying taxes and we debate changing the tax 
code, we need to be vigilant to protect the part of the code that helps 
millions to improve their lives and secure their future.
  Two-thirds of all American families own their own homes--a rate that 
would be impossible without the mortgage interest deduction.
  Homeownership is essential to the strength and vitality of America, 
providing a foundation of family security, stability and prosperity. 
Our communities are strengthened because of the pride of ownership and 
the vested interest homeowners have in their neighborhoods.
  So today, let us vow to protect the mortgage interest tax deduction, 
and help to guarantee a strong future for American families and 
communities.

                          ____________________