Housing groups back Bush proposals Premium Content

President makes no mention of plans for mortgage interest tax deduction

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President Bush, during his State of the Union Address on Wednesday, noted that home ownership levels have been elevated "to the highest level in history," and said that his plan for federal tax reform will be simple, fair and "pro-growth."

His speech was welcomed by the home-building industry. The National Association of Home Builders issued a statement today expressing support for several housing-related issues that Bush highlighted in the annual address.

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