As We See It: Why not tell the truth? : vimarsana.com

As We See It: Why not tell the truth?


Why not tell the truth? We ask this of the Oregon real estate industry and those you hire as lobbyists. We appreciated the letters to the editor from Lorraine Anderson (April 1) and Andrew Gray (April 2) pointing out the misleading statements contained in flyers produced by the Oregon Realtors PAC. Realtors want legislators to vote no on HB 2578 and HB 2838, which are bills that end state subsidies for the wealthiest 5% in our state, including real estate investors.
The real estate industry claims passing these two bills will make home ownership harder. That is not true. These bills would end the state's mortgage deductions for homes other than a principal residence and they would end the mortgage deduction for those making over $200,000 annually. So the effect is that those with large incomes can’t deduct what they pay in mortgage interest for more than one house. Their taxable income goes up and they have to pay more in taxes.

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