Senator promotes mortgage forgiveness during Youngstown stop - 21 News Now, More Local News for Youngstown, Ohio -

Senator promotes mortgage forgiveness during Youngstown stop

Posted: Updated:

YOUNGSTOWN, Ohio - U.S. Senator Sherrod Brown, (D - Ohio) wants to extend a tax break for struggling homeowners that congress let expire on January first.

During a stop in Youngstown on Friday, Brown outlined his bill that would extend for one year the Mortgage Forgiveness Tax Act.

Without the extension, reductions that homeowners receive on their loans through mortgage modifications will be treated as income and subject to a tax bill.

"The government shouldn't be taxing people for a benefit they can't hold in their hand." said Brown. "The government shouldn't be taxing people when they're in a situation where they're right on the edge already to try to get back on their feet"

Brown says that 20%, or one-in-five homeowners in the Mahoning Valley are upside down on their mortgage, and the rate is 15% nationally.

  • More From wfmj.comMore>>

  • Dayton college becoming leader in drone technology

    Dayton college becoming leader in drone technology

    Wednesday, August 27 2014 8:07 PM EDT2014-08-28 00:07:10 GMT
    DAYTON, Ohio (AP) - A Dayton community college has taken another step toward positioning itself as a leader in drone technology research. Sinclair Community College officials on Tuesday announced plans for the renovation of an existing downtown Dayton campus building into a $5 million training and certification center for unmanned aerial systems. Despite the region being passed over for an FAA drone testing site last year, Sinclair has moved full speed ahead on the development, teaching and ...More >>
    DAYTON, Ohio (AP) - A Dayton community college has taken another step toward positioning itself as a leader in drone technology research. Sinclair Community College officials on Tuesday announced plans for the renovation of an existing downtown Dayton campus building into a $5 million training and certification center for unmanned aerial systems. Despite the region being passed over for an FAA drone testing site last year, Sinclair has moved full speed ahead on the development, teaching and ...More >>
  • Ohio delays geese hunt at state parks

    Ohio delays geese hunt at state parks

    Wednesday, August 27 2014 7:59 PM EDT2014-08-27 23:59:30 GMT
    WAYNESVILLE, Ohio (AP) - The state of Ohio has decided to delay a special hunting season on Canada geese at nine southern Ohio parks that was scheduled to begin on Labor Day. The two-week season, during which hunters reduce the population of migrant Canada geese at select state park beaches, will begin on Tuesday instead. The Dayton Daily News reports that the beach hunting program began after state officials exhausted alternative remedies to managing the geese, which live year-round live at...More >>
    WAYNESVILLE, Ohio (AP) - The state of Ohio has decided to delay a special hunting season on Canada geese at nine southern Ohio parks that was scheduled to begin on Labor Day. The two-week season, during which hunters reduce the population of migrant Canada geese at select state park beaches, will begin on Tuesday instead. The Dayton Daily News reports that the beach hunting program began after state officials exhausted alternative remedies to managing the geese, which live year-round live at...More >>
  • Lake Erie island warned not to use well water

    Lake Erie island warned not to use well water

    Wednesday, August 27 2014 7:45 PM EDT2014-08-27 23:45:53 GMT
    TOLEDO, Ohio (AP) - Residents of a small Canadian island are being warned not to drink their well water because of potentially toxic algae in Lake Erie. The blue-green algae blooms causing the warning are the same stuff that contaminated the drinking water of about 400,000 people in the Toledo area earlier this month. Health officials say people who live on Canada's Pelee Island should stop bathing and cooking with the water from their private wells that draw Lake Erie. The Windsor-Essex Cou...More >>
    TOLEDO, Ohio (AP) - Residents of a small Canadian island are being warned not to drink their well water because of potentially toxic algae in Lake Erie. The blue-green algae blooms causing the warning are the same stuff that contaminated the drinking water of about 400,000 people in the Toledo area earlier this month. Health officials say people who live on Canada's Pelee Island should stop bathing and cooking with the water from their private wells that draw Lake Erie. The Windsor-Essex Cou...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms