Here's my idea, feel free to share it with your congressional representatives:
As part of this financial sector bailout, why not create a mortgage interest tax CREDIT up to a certain amount (say, $4000), which would not only help people struggling to pay their mortgages (thereby adding some stability to mortgage-backed securities), but also act as an economic stimulus when homeowners get back larger tax refunds and/or reduce their withholding?
www.senate.gov
www.house.gov
But act quickly, they are likely to vote soon.
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