,,iv  #aacth ,,congress  #ast ,session  
,h4 ,,con4 ,,res4 #d  ,,in ,,the ,,house
 ,,of ,,representatives  ,january #c1   
#bjac ,mr4 ,gary ,g4 ,miller of         
,california 7for himself and ,mr4       
,sherman7 submitted the following       
concurrent resolution2 which was        
referred to the ,committee on ,ways and 
,means  ,,concurrent ,,resolution       
,expressing the sense of the ,congress  
that the current ,federal income tax    
deduction for interest paid on debt     
secured by a first or second home should
 not be further restricted4  ,whereas   
homeownership is a fundamental ,american
 ideal1 which promotes social and       
economic benefits beyond the benefits   
that accrue to the occupant of the home2
 ,whereas homeownership is an important 
factor in promoting economic security   
and stability for ,american families2   
,whereas it is proper that the policy of
 the ,federal ,government is and should 
continue to be to encourage             
homeownership2 ,whereas the national    

homeownership rate for the third quarter
 of the year #bjab was #fe4c percent2   
,whereas the housing needs of the       
population will change as the population
 ages2 ,whereas the greatest growth     
sectors in homeownership are minorities 
and first-time homebuyers2 ,whereas the 
level of homeownership among            
foreign-born naturalized citizens is the
 same as the level of homeownership of  
the ,nation as a whole 7#ff percent in  
#bjaa72 ,whereas the value of a home    
represents a valuable source of savings 
for a family2 ,whereas the provisions   
related to homeownership are among the  
simplest and most easily administered   
provisions of the ,internal ,revenue    
,code of #aihf2 ,whereas the current    
,federal income tax deduction for       
interest paid on debt secured by a first
 home has been a valuable cornerstone of
 this ,nation's housing policy for most 
of this century and may well be the most
 important component of housing-related 
tax policy in ,america today2 and       

,whereas the current ,federal income tax
 deduction for interest paid on debt    
secured by second homes is of crucial   
importance to the economies of many     
communities in each of the #ej ,states3 
,now1 therefore1 be it  ,that it is the 
sense of the ,congress that the current 
,federal income tax deduction for       
interest paid on debt secured by a first
 or second home should not be further   
restricted4