Group: talk.politics.misc
From: * US *
Date: Saturday, September 08, 2007 6:41 AM
Subject: Re: "Conservative" Ron Paul Calls for Tax Amnesty for Deadbeat Homeowners

On Fri, 07 Sep 2007 21:51:13 -0500, Mitchell Holman wrote:

>Speeders & Drunk Drivers are MURDERERS wrote in
>news:13e41s1foi0tf5b@ :
>
>>
>> /2007/09/congressman-ron-paul-cosponsors
>> .html
>>
>> Friday, September 7, 2007
>> Congressman Ron Paul Cosponsors "The Mortgage Cancellation Relief Act"
>> September 6, 2007 – Washington , DC . Congressman Ron Paul took action
>> today to shield American homeowners from an outrageously unfair IRS tax
>> policy by cosponsoring The Mortgage Cancellation Relief Act.
>>
>> . 1876 bars the IRS from considering partial mortgage forgiveness as
>> income subject to taxation.
>>
>> Under current law, only two categories of individuals pay taxes when
>> selling their principle residence: those who have been able to realize a
>> capital gain of more than $250,000 ($500,000 on a joint return) and
>> those who lose the equity in their home and are forced to pay taxes if
>> the lender forgives some portion of the mortgage debt.
>>
>> “In these difficult times with the credit crunch and housing market
>> downturn, some homeowners are finding it more and more difficult to
>> avoid foreclosure and stay in their homes.
>
> Did Ron Paul run this "difficult times" talk with the rest
>of the conservatives who are bragging about the "boom times" of
>the Bush economy?


Ron Paul never bought into the Iraq invasion.


If the Republicans had two neurons to rub together among them,
they'd run him for POTUS.


Kucinich/Paul '08: They Weren't Fooled