California faces a $14.5 billion budget deficit because the free-spending politicians in Sacramento have spent too much for too long.

Instead of cutting wasteful spending in state government to pay down the deficit and balance the budget once and for all, the tax-and-spend majority in the Legislature wants to punish you and every California homeowner by repealing the state home mortgage interest deduction.

They think that this important tax savings, relied upon by millions of Californians, is a "tax loophole" that must be closed.

What would repealing the home mortgage interest deduction mean for you and your family?

- It would increase your state tax bill by hundreds of dollars or more every year.

- It would hurt first-time homebuyers, especially those struggling to scrape together enough money to buy their home.

- It would add another burden to those homeowners who already have lost tens or even hundreds of thousands of dollars of equity in their homes in the current market.

We need your help to stop the tax-happy politicians in Sacramento from following through with their threat to take away the mortgage interest deduction and impose a $5.3 billion tax increase on you and every other California homeowner!

We must cut off this dangerous idea before it gains momentum.

Here's what you can do to get involved and stop the mortgage
deduction grab:

- Write or call Speaker Fabian Núñez (contact info is below) and your own Assemblymember and State Senator today, and tell them to keep their hands off our mortgage interest deduction.

- Remind them that the mortgage interest deduction is not a loophole, but important tax savings that help millions afford their homes.

- Urge them to cut wasteful spending in the budget, not raise taxes.

Thank you in advance for your help.

How to contact Assembly Speaker Fabian Núñez:
E-mail: Assemblymember.Nunez@assembly.ca.gov
Phone: 916-319-2046

To contact your own state legislators, click here.