RV Industry Urged to Support Mortgage Interest Deduction
Recent leaks from the so-called Congressional Super Committee have prompted the Recreation Vehicle Industry Association (RVIA) to urge all RV industry constituents – manufacturers, suppliers, dealers and RV owners — to fight for the preservation of the second home mortgage interest deduction for RVs.
According to press reports, the Super Committee is eyeing elimination of the second home mortgage interest deduction as part of a package of spending cuts and tax increases aimed at closing the federal budget gap. RVs qualify for a second home mortgage interest deduction because they are a very popular weekend and vacation “home” for middle class Americans, according to a news release. The second home mortgage interest deduction serves as a powerful incentive for consumers to purchase RVs.
To preserve this important industry sales tool, the RV industry has launched a Congressional e-mail campaign aimed at preserving the deduction. With the deadline for the Super Committee looming, the industry only has this week to influence the U.S. Congress.
In order to expedite and simplify the RV industry’s communication with Congress, RVIA is urging industry members and RV consumers to visit RVACT at www.rvact.com which contains all the tools needed to let members of Congress know their feelings about any effort to repeal the second home mortgage deduction as it applies to RVs.
Available at the site are a letter for generally interested parties, a letter for dealers, and a letter for suppliers and manufacturers to send to Congress. All of the letters are completely customizable so that interested parties can add specific information and views on the proposal. By entering their name and address, the site will automatically match the individual with their Senators and Congressman and have an email sent to their office.
Once the Super Committee makes its recommendations there is likely to be an up or down vote on the package, so it is seen as critical that any views for input be made before the Super Committee’s deadline.