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Key Votes

HR 3648 - Mortgage Forgiveness Debt Relief Act of 2007 - National Key Vote

Phil Hare voted Yea (Passage) on this Legislation.

Read statements Phil Hare made in this general time period.

Timeline

Issues Related to HR 3648

Stage Details

Legislation - Signed (Executive) - Became Public Law No. 110-142 -
Legislation - Concurrence Vote Passed (House) -
Legislation - Bill Passed With Amendment (Senate) -
Legislation - Bill Passed (House) (386-27) - (Key vote)
See How Your Politicians Voted

Title: Mortgage Forgiveness Debt Relief Act of 2007

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that eliminates the income tax on mortgage debt forgiveness on primary residences for people in financial hardships and lowers the amount of a gain made through the sale of most non-primary residences that is not subject to income tax.

Highlights:
  • Excludes the debt forgiven on a qualified principal residence from the definition of gross income subject to income tax (Sec. 2).
  • Reduces the income tax breaks on most gains from the sales of non-primary residences using a formula based on the amount of time that the taxpayer actually lived in the property during the five-year period before the sale (Sec. 5).
Legislation - Introduced (House) -

Title: Mortgage Forgiveness Debt Relief Act of 2007

Sponsors

  • Charles B. 'Charlie' Rangel (NY - D) (Out Of Office)

Co-sponsors

  • Robert E. 'Rob' Andrews (NJ - D) (Out Of Office)
  • Shelley Berkley (NV - D) (Out Of Office)
  • Virginia 'Ginny' Brown-Waite (FL - R) (Out Of Office)
  • Joseph 'Joe' Crowley (NY - D) (Out Of Office)
  • Rahm Emanuel (IL - D) (Out Of Office)
  • Philip 'Phil' English (PA - R) (Out Of Office)
  • Chaka Fattah Sr. (PA - D) (Out Of Office)
  • Gabrielle Giffords (AZ - D) (Out Of Office)
  • Bart Gordon (TN - D) (Out Of Office)
  • Rush D. Holt Jr. (NJ - D) (Out Of Office)
  • Sander M. 'Sandy' Levin (MI - D) (Out Of Office)
  • James A. 'Jim' McDermott (WA - D) (Out Of Office)
  • Kendrick B. Meek Sr. (FL - D) (Out Of Office)
  • Earl Pomeroy (ND - D) (Out Of Office)
  • James M. 'Jim' Ramstad (MN - R) (Out Of Office)
  • Allyson Y. Schwartz (PA - D) (Out Of Office)
  • Zachary T. 'Zack' Space (OH - D) (Out Of Office)
  • Fortney H. 'Pete' Stark (CA - D) (Out Of Office)
  • Christopher 'Chris' Van Hollen Jr. (MD - D) (Out Of Office)
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