02/19/2009
https://www.congress.gov...
"Extending the income tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences provides homeowners with certainty."
"Unfortunately, the expiration of the tax provision that exempts this income from taxation encourages families to simply walk away and accept a foreclosure on their home."
"Secretary of Health and Human Services Tommy Thompson, at the urging of Senator Charles Schumer, began discussion of exercising Sec. 1498 authority."
"I want to express my appreciation to Chairman Wyden for his interest in pursuing a package of permanent tax policy to help taxpayers facing the challenges associated with natural disasters like hurric..."