NAN A. S. HAYWORTH: “I could not help but reflect, listening to the opportunities for tax relief offered last spring by this 105th Congress…”

“I could not help but reflect, listening to the opportunities for tax relief offered last spring by this 105th Congress, taking a look at the opportunities that exist. I look at the tremendous number of housing starts, and I look at the homes now throughout north Scottsdale, and the East Valley around Mesa in the Sixth Congressional District of Arizona. I take a look at what has transpired because of capital gains tax relief for the average family selling their principal residence and moving into another house. A married couple able to have and reinvest profits in the sale of a primary residence up to half a million dollars, or a single person hanging on and having tax-free profits up to one-quarter of a million dollars. Again, for a lot of people, the figures are not that high, but they are just as dramatic an opportunity. And other opportunities that we have opened up in terms of home buying. I take a look at the new Roth Individual Retirement Accounts.”