Rather than re-wording Assemblyman Adams’ letter, I’ll just post it in its entirety here:

California faces a $14.5 billion budget deficit because the liberal 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, there are those in Sacramento who want to punish 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" for the wealthy that must be closed. 

What would repealing the home mortgage interest deduction mean for California homeowners?  

• It would increase a current homeowner’s state tax bills by hundreds of dollars or more every year.
• It would make buying that first home much more difficult, if not impossible, for many young Californians struggling to scrape together enough money to buy their first home.
• It would add one more burden to the many homeowners who have already lost substantial equity in their homes in the current market.  

Some of these liberal Sacramento politicians have gone even further, suggesting repealing Proposition 13, which limits how much the state can increase property tax bills every year.  Repealing or even amending Prop. 13 would be a disaster, leading to thousands of families losing their homes, millions of Californians seeing their home values drop further and billions of dollars in higher taxes. Enough is enough!  

We need your help to stop the liberal 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!

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

• Write or call Speaker Fabian Núñez today, and tell him to keep his hands off our mortgage interest deduction. 
• Remind him that the mortgage interest deduction is not a loophole, but important tax savings that help millions afford their home.
• Urge him to cut wasteful spending in the budget, not raise taxes. 

I hope you will join with thousands of your fellow Californians today by writing or calling Speaker Núñez and tell him to stop the mortgage deduction grab.  Standing together, I know that we can make a difference and protect our homes, protect the mortgage interest deduction, and reform California.

Here’s how to contact Assembly Speaker Fabian Núñez:

E-mail:  Assemblymember.Nunez@assembly.ca.gov

Phone:  (916) 319-2046