May 7, 2008
Congressman Mario Diaz-Balart offered an amendment to the American Housing Rescue and Foreclosure Prevention Act of 2008.
The amendment would have increased the additional standard deduction for property tax relief from $350 (or $700 for joint filers) to $500 (or $1,000 for joint filers).
Unfortunately, leaders in the Democratic party did not allow for discussion of this amendment on the floor or to be included in the housing legislation.
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