SUPPORT NEEDED FOR DEBT FORGIVENESS ACT – NOW ON THE HILL

    Congress is scheduled to vote on the Mortgage Forgiveness Debt Relief Act (MFDRA) today.  The bill is an attempt to reclassify and thereby forgive foreclosure-related debts as taxable income.  The MFDRA has been reinstituted several times since it was originally passed in 2007.  Congress must pass this bill in the remaining days of…