[Congressional Record (Bound Edition), Volume 153 (2007), Part 23]
[Extensions of Remarks]
[Page 32277]
[From the U.S. Government Publishing Office, www.gpo.gov]




           INTRODUCTION OF PROPERTY TAX DEDUCTION FOR ALL ACT

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                             HON. RON PAUL

                                of texas

                    in the house of representatives

                      Wednesday, December 5, 2007

  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.
  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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