Update on Auto Loan Intrest Tax Break

I received a letter from my Congressman in response to the letter I wrote indicating that he has decided to co-sponsor H.R.7273.

Here is the title and summary from the House of Representatives website.
H.R.7273
Title: To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction against individual income tax for interest on indebtedness and for State and local sales and excise taxes with respect to the purchase of certain motor vehicles.
Sponsor: Rep Pascrell, Bill, Jr. [NJ-8] (introduced 11/19/2008) Cosponsors (33)
Related Bills: S.3684
Latest Major Action: 11/19/2008 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

If you think this is a good idea, then contact the members of the Ways and Means committee and encourage them to report the bill from committee for a vote on the floor