Despite the fact that there is no current proposal on the table to cut back the homeowners deduction. this is an important effort that serves as a device for all of us to pause and remember how important this tax incentive is for the country. Currently 67 percent of the households in America live in homes that are owneroccupied. Even more amazing is the fact that 67 percent of foreignborn naturalized citizens who have been in this country for at least 6 years also now own their own homes. The greatest growth in home ownership today is among minorities and firsttime homebuyers. Madam Speaker.
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naturalized